SEREMBAN: The number of investment-related scams in Negri Sembilan has almost tripled so far this year compared to the same period in 2020.
State Commercial Crime Investigations Department chief Supt Aibee Ab Ghani said 69 cases were reported until April 26 this year as opposed to 24 cases last year.
Total losses for the first four months of this year amounted to RM2.3mil as compared to about RM888,000 for last year.
"There has been a big increase in the number of cases and this is worrying," he said in a statement on Tuesday (April 27).
Supt Aibee said so far, 69 suspects have been arrested and four of them were placed under restricted residence for two years as provided under the Prevention of Crime Act.
He said scammers would use social media platforms to advertise and cheat their victims.
He reminded the public not to be taken in by promises of high returns within a short period of time as this has all the ingredients for a potential scam.
"One should not deposit money into individual accounts.
"They should first verify the account and phone numbers given to them by these companies or agents at the police's Semak Mule website.
"If there are many such checks, it should raise a red flag not to proceed," he said.