'Syariah-compliant investment' scams result in over RM11mil in losses this year, say cops

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KUALA LUMPUR: Cases of 'syariah-compliant investment' scams are on the rise and result in RM11.29mil in losses this year, says Comm Datuk Seri Ramli Mohamed Yoosuf.

KUALA LUMPUR: Cases of"syariah-compliant investment" scams are on the rise and result in RM11.29mil in losses this year, says Comm Datuk Seri Ramli Mohamed Yoosuf.

"We have alerted the public on this matter in June but more people are falling victims to these investment scams. Comm Ramli reminded the public to not fall for promotions of such investments, which featured famous figures and promising profits that are too lucrative."Get advice and information from official sources such as the National Scam Response Centre via the 997 hotline, Semak Mule portal, Bank Negara and Securities Commission's Alert List before deciding to investment in any schemes," he added.

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