More than 14,000 investment fraud cases, losses amounting to RM1.34bil, says Bukit Aman

KUALA LUMPUR: The Commercial Crimes Department has recorded 14,488 cheating cases involving investments over a five-year period, from 2019 to 2023, resulting in losses amounting to RM1.34bil.

Its director Comm Datuk Seri Ramli Mohamed Yoosuf said following the increase in the number of cases recorded, the department has formed a collaboration with the Malaysian Securities Commission (SC) to combat such crimes that continue to rise.