SEREMBAN: Since the implementation of the movement control order (MCO 1.0) in March last year, financial losses from commercial crimes such as e-commerce fraud and non-existent loan scams have risen by 126% in Negri Sembilan.
Negri Sembilan police commercial crimes investigations department (CCID) chief Supt Aibee Ab Ghani today said that between March 18, 2020 and June 30 this year, 2,971 cases with losses of RM112.1 million were reported.
He said it was a 24% rise in cases but losses were 126% higher compared to the same period between 2018 and 2019 where there were 2,390 cases with RM49.5 million in losses.
Aibee said e-commerce fraud, although only making up 30% of the total cases, saw financial losses almost doubling since March last year.
He said this was followed by non-existent loan scams, telecommunication fraud such as Macau and love scams and fraudulent investment schemes.
Aibee said spoofing and Macau scams showed a decrease of 21% in cases compared with the previous years but losses rose by 31%.
He said as for fraudulent investment schemes losses rose by just 2% but reported cases went up by 203% from 80 cases to 162 cases.
