Over 60% spike in commercial crime losses so far this year, says CCID director

KUALA LUMPUR: The amount of losses from commercial crimes rose some 62.1% to RM866.2mil between Jan 1 and April 28 over the year before. Bukit Aman Commercial Crime Investigation Department (CCID) director Comm Datuk Seri Ramli Mohamed Yoosuf said total losses came to RM534.3mil for the same period last year. "However, a total of 10,106 cases were...

LTAT clarifies losses in A-G’s Report

PETALING JAYA: The negative reserve highlighted in the Auditor-General's Report for 2022 is only one facet, says the Armed Forces Fund Board (LTAT). It said that its combined reserves are made up of three components which reflect the board's stability in combination; retained earnings, reserve fund and the OCI reserve ALSO READ: LTAT to face PAC over huge...

Subsidiaries under five federal agencies lost almost RM2bil in 2022

PETALING JAYA: Almost half of the 123 subsidiary companies under five federal agencies lost almost RM2bil in 2022, according to the Auditor-General’s Report on Federal Agencies 2022. The five agencies were Employees Provident Fund (EPF), Armed Forces Fund Board (LTAT), Federal Land Development Authority (Felda), Retirement Fund Inc (KWAP) and Lembaga Tabung Haji (LTH). These five federal...

RM71mil lost through online scams in Johor this year, say Johor cops

JOHOR BARU: Johor police have received over 2,000 reports online scam cases involving some RM71mil in losses since early 2023, says Johor police chief Comm Datuk Kamarul Zaman Mamat (pic). Comm Kamarul Zaman said this was an increase of about 15.5% compared to 2022. "Between Jan 1 and Sept 16, we received a total of 2,079 reports...

Negri women lose RM1.1mil in investment scams

SEREMBAN: Two women have lost a total of RM1.12mil in investment scams that promised unusually high returns, says Negri Sembilan police chief Deputy Comm Datuk Ahmad Dzaffir Mohd Yusoff. He said in one case, a 44-year-old woman in Bahau near here lost RM621,800 after putting her money into a gold investment scheme which promised high returns...