Police Chief: Selangor Lost Almost RM60 Million To Online Scams In The First Half Of 2022

The majority of these losses were attributed to Macau scams.
(credit: Malay Mail)

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During the first half of this year, Selangor reported losses from online fraud cases totaling RM59.6 million.

According to Selangor police chief, Datuk Arjunaidi Mohamed, there were 1,354 cases involved, or 75% of all commercial cases in the state, with the Macau scam accounting for most of the online fraud cases.

Based on our investigation, most (of the RM59.6 million) has been transferred abroad and caused losses to the country’s economy.

Selangor police chief, Datuk Arjunaidi Mohamed

More than 1,700 people had been detained for their participation as mule account owners between January and June of this year. He claimed that the use of mule accounts made it challenging for the police to show that actual criminals were involved in the scheme.

I have expressed the need to amend or enact laws that are more in line with current developments. This is because this is an online crime. Our law does not cover online crimes.

Selangor police chief, Datuk Arjunaidi Mohamed

He claimed that Section 420 of the Penal Code, which deals with fraud, needed to be changed in order to keep up with the development of technology because it did not adequately address the current state of the online banking and money transfer systems.

The definition of Section 420 of Penal Code is:

Whoever cheats and thereby dishonestly induces the person deceived, whether or not the deception practiced was the sole or main inducement, to deliver any property to any person, or to make, alter, or destroy the whole or any part of a valuable security, or anything which is signed or sealed, and which is capable of being converted into a valuable security, shall be punished with imprisonment for a term which shall not be less than one year and not more than ten years and with whipping, and shall also be liable to fine.

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