SEREMBAN (April 27): Investment fraud cases in Negeri Sembilan have increased significantly with 69 reported scams with losses of over RM2.3 million recorded so far this year.

Negeri 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 media advertisements on Facebook, WhatsApp or WeChat, apart from communicating individually or the victim is included in a ‘group’ on any of those apps with payments being made directly to individual accounts,” he said in a statement, here today.

Aibee said 69 individuals had been detained so far…

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