Malaysians incurred RM1.34 billion in losses between 2019 to 2023 due to scams and fraud cases involving investments.
In a statement released by the Commercial Crimes Department (JSJK), 14,488 cases of investment fraud were recorded over the five-year period, which led to a high amount of losses.
Due to the increase in the number of cases reported, Bukit Aman JSJK director Datuk Seri Ramli Mohamed Yoosuf has announced a collaboration with the Malaysian Securities Commission (SC) to help tackle the issue.
A discussion was held on 22 February at Bukit Aman between Ramil with SC Enforcement director Budiman Lutfi Mohamed and his delegation on a mechanism to help the public.
Developing an investment checker platform
From the discussion, an understanding was reached to release a platform that the public can use to check the authenticity of any investment.
“For that, the SC has already developed a platform called “investment checker” that can be accessed through the https://www.sc.com.my/investment-checker website to help the public check the investment schemes offered,” Ramli said in the statement.
Ramli also stated that both agencies agreed to continue offering their commitment to combatting fraud by sharing information, expertise, investigation and operation.
Through the partnership, Ramli hopes to further help highlight investment schemes that are effective and curb investment fraud in the country.
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