PETALING JAYA: The Bukit Aman Commercial Crime Investigation Department (CCID) recorded 1,459 cases involving non-existent investment schemes earlier this year, resulting in losses totalling RM188mil.
In a statement on its Facebook page, the CCID said the number of cases represented an 11% increase compared with the same period last year, although the total losses were lower.
The public has been urged to remain vigilant and to take precautionary measures when approached with any investment scheme offers.
Among the recommended steps is verifying the licences and legitimacy of companies offering investment schemes, and ensuring they have approval from the relevant financial authorities.
“Members of the public are also reminded not to be easily swayed by promises of quick profits or unrealistic returns within a short period,” the statement said on Sunday (March 15).
Meanwhile, the CCID said the public should conduct proper checks on companies or investment opportunities before making any decisions, and avoid making payments into bank accounts belonging to individuals or companies that cannot be verified.
“The CCID also advises the public to be cautious of emotional manipulation tactics, such as coercion or pressure to invest, as these are early indicators of fraudulent activity,” it said.
