Investment scams on the rise in N. Sembilan, say police | Malaysia

SEREMBAN, April 27 — Investment fraud cases in Negri Sembilan have increased significantly with 69 reported scams with losses of over RM2.3 million recorded so far this year.

Negri Sembilan Commercial Crime Investigation Department (CCID) chief Supt Aibee Abd Ghani said based on statistics recorded last year, there were 24 cases with a total loss of RM888,056 for the same period.

He said statistics showed that people are still being deceived by investments offered such as stock investments, forex (foreign exchange), business, gold and others.

“One of the modus operandi (of scammers) is to offer investments through social...