Business News
Ex-Factory worker loses RM733,330 in online investment scam
Retired Penang worker, 66, lost RM733,300 to online scam promising 10-15% returns; police investigate under Penal Code Section 420.
Category: Scams
Banking and Finance
Cambodia Emerges as Cybercrime Hub Amid Economic Woes
Cambodia faces economic decline, inequality, and rising cybercrime linked to political elite, with Sihanoukville as a major scam center.
Business News
Melaka Finance Director Arrested for Alleged RM50 Million Investment Abuse
A finance director in Melaka was arrested for misusing RM50 million of public funds for stock investments without proper authorization.
Banking and Finance
MBI Investment Scam: RM3.8bil in Assets Seized, 17 Arrested
Police seized RM3.8 billion linked to MBI International Group Ponzi scheme, arresting 17 suspects involved in money laundering.
Banking and Finance
Malaysia may adopt UK’s approach to banking scams
Prime Minister Datuk Seri Anwar Ibrahim announced in Parliament that Putrajaya is studying ways to strengthen mechanisms holding banks accountable
Business News
Najib: TIA Was Sultan Mizan and Jho Low’s Idea, Not Mine
Najib Razak denies involvement in TIA’s formation, attributing its establishment to Sultan Mizan and Jho Low’s vision
Agriculture
New Cartel of baja distribution worth RM1.8 billion uncovered
MACC's investigation revealed a cartel misusing RM1.8 billion rice fertilizer contracts, potentially involving corruption and supplier favoritism.
Banking and Finance
Malaysia’s Escalating Scam Crisis With $12.8 Billion Loss
The use of AI in scams poses a significant threat, with tactics like deepfake videos and voice imitation making scams harder to detect. AI…
Banking and Finance
National Fraud Portal Launched with PayNet to Combat Scams
The portal also supports data-driven assessments of mule accounts and introduces standardized procedures for their management.