Malaysia

Almost RM800 mil losses due to scams in 2020

Highest number of cases involve 3 main schemes, land sale, investment and Macau Scams

Updated 5 years ago · Published on 19 Feb 2021 12:00PM

Almost RM800 mil losses due to scams in 2020
Bukit Aman CCID director Datuk Zainuddin Yaacob says online or e-commerce scams showed a significant increase last year, totalling 5,848 cases compared with 3,511 in 2019. – ALIF OMAR/The Vibes pic, February 19, 2021

by Fitri Nizam

KUALA LUMPUR – The movement control order (MCO), brought about by the rise in new Covid-19 cases since last year, is insufficient in reducing the national crime index, especially those involving scams.

According to Commercial Crime Investigation Department (CCID) reports, losses due to scam syndicates increase each year, despite Royal Malaysia Police campaigns to prevent and stop them.

Bukit Aman CCID director Datuk Zainuddin Yaacob said 19,867 scam cases were reported last year, with a total loss of RM786,438,423 – an increase compared with 2019, which reported 17, 074 cases and a total loss of RM727,808,514.

“Three scams that contributed to the rise in losses involve land sale (RM243,558,532), investment (RM183,746,758) and Macau Scams (RM172,676,943).

“In 2019, these three also recorded the highest number of cases,” he said in an interview with Getaran recently.

However, Zainuddin said, online or e-commerce scams showed a significant increase last year, totalling 5,848 cases compared with 3,511 in 2019.

“The total loss has also increased to RM41.2 million from RM28.03 million the previous year.

“This increase happened after the MCO was implemented in March last year, which saw many Malaysians buying goods online, with some falling victim to such scams.

He said this trend opens up a space for scammers, who take advantage of modern technology, such as smartphones, the internet and use of social media platforms.

“If before their modus operandi involves face-to-face meetups, now scammers use only technology.

“Based on our research, those who lack knowledge in using social media are the main victims of such scammers, for example, when it comes to banking applications.”

Zainuddin said in 2019, CCID arrested 8,679 individuals or groups involved in scamming activities, with the highest number of cases involving non-existent loans (2,528).

“Last year, that number increased to 9,816 arrests, with the highest number of cases also involving non-existent loans (3,019).” – The Vibes, February 19, 2021

Additional reporting by Mastura Malak

Related News

Malaysia / 53min

Abdul Azeez, 2 former TH officials remanded for 2 days

Malaysia / 5d

E-hailing driver helps save 71-year-old from losing another RM10k in suspected love scam

Malaysia / 1w

Penang, Thai cops seize drugs worth over RM4m in joint operation

Malaysia / 1w

Desa ParkCity tragedy: Boy, girl stabbed in the neck, say cops

Malaysia / 2w

Malaysians urged to rethink travel to southern Thailand after 51 violent incidents

Malaysia / 3w

Nepturis received RM16.4m for Klang Utara police headquarters, court told

Spotlight

Opinion

“I’m not a war criminal, I’m a patriot”: Shavendra Silva’s amnesia tour meets the receipts

By Abbi Kanthasamy

Malaysia

British management on trial – does a royal management institute deliver value?

Malaysia

Doctor among five killed in Sarawak Flying Doctor helicopter crash identified

Malaysia

Nearly 10,000 potential fire hotspots detected on RSPO-managed land

Malaysia

Undang Yang Empat produce letter allegedly confirming Tuanku Muhriz’s removal

Malaysia

Northern Malaysia must prepare for the consequences of lower rainfall

Malaysia

Helicopter crashes during flying doctor service mission in Sarawak

You may be interested

Malaysia

Why examining AirAsia’s finances may serve public interest

Malaysia

Anwar: RM400 aid only part of broader support for smallholders

Malaysia

Undang Yang Empat produce letter allegedly confirming Tuanku Muhriz’s removal

Malaysia

Anwar: Tun Razak’s ‘Three Cs’ warning still relevant today

Malaysia

Negeri Sembilan MB silent on alleged Ruler removal letter

Malaysia

Zara Qairina Inquest: Father last saw daughter in 2017, Coroner’s Court told

Malaysia

Nearly 10,000 potential fire hotspots detected on RSPO-managed land

Malaysia

Bathroom peeping allegation uncovers four-year-old molestation claim against stepfather