KUALA LUMPUR: Online vehicle purchasing scams are on the rise with losses amounting to millions and cases from January to May are almost double when compared to the same period last year.
461 cases of online car scams reported to date 04 Jun 2021 / 18:11 H. Pix for representational purpose only.
KUALA LUMPUR: A total of 461 cases of online car scams were reported in the first five months this year with losses of over RM5.4 million.
Bukit Aman Commercial Crime Investigation Department acting director Datuk Mohd Kamarudin Md Din said it was an increase of 94.5 percent from only 237 cases were reported in the corresponding period last year losses amounting only to RM1.4 million.
“Throughout 2020, a total of 678 cases of vehicle scams involving losses amounting to RM5.9 million were reported, an increase of 22.8 percent from 552 cases with losses amounting to RM3.2 million reported in 2019,” he said in a statement here today.
Bukit Aman CCID director Comm Datuk Zainuddin Yaacob. -AZLINA ABDULLAH/The Star
PETALING JAYA: More than RM20mil in losses to loan scams have been reported to the police since the beginning of the year.
Bukit Aman Commercial Crime Investigation Department (CCID) director Comm Datuk Zainuddin Yaacob said data showed that 1,987 cases had been reported up to Tuesday (May 18). It is normal to use licensed moneylenders for personal spending, emergencies, business purposes and such, especially among small and medium business owners. However, these establishments have tight conditions that need to be met before any loans are approved. Crime syndicates have seen this as an opportunity to promote their services , with supposedly low-interest rates and fast processing, he said in a statement on Wednesday (May 19).