NEARLY RM8bil in losses from online fraud was recorded over a six-year period, says Datuk Seri Saifuddin Nasution Ismail.
The Home Minister said the figure highlights the scale of financial crimes in the country.
He said statistics from 2020 to last year showed 209,300 cases of online fraud with total losses amounting to RM7.97bil, driven mainly by telecommunications-related scams and e-commerce fraud.
“These figures reflect a serious and growing threat with significant financial and social impact on the victims,” he said in a parliamentary written reply.
Saifuddin Nasution said the single largest fraud case recorded during the period involved Agrobank with reported losses of RM203.8mil in November 2025, adding that investigations found that the case did not involve customer accounts.
“Police have arrested 47 individuals of whom three have been charged under Section 424C(1) of the Penal Code for offences involving mule accounts while 44 others are still under investigations,” he said.
He added that the police are finalising investigation papers with the cooperation of CyberSecurity Malaysia and Bank Negara.
