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The Sun
23-07-2025
- The Sun
Mule account offences rise in Malaysia - Bukit Aman warns public
KUALA LUMPUR: Mule account offences are increasingly worrying authorities, with thousands of Malaysians, including students, falling victim to financial crime syndicates luring them with promises of easy money. Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Rusdi Mohd Isa revealed that as of Monday (July 21), a total of 39,006 mule account cases had been detected, with 10,635 cases charged in court. Rusdi stated, 'This is not merely a financial issue; it has become a form of organised crime used by syndicates to carry out various illegal activities, including online fraud, fake investments and e-commerce fraud.' He warned that those involved could face charges under sections 424A, 424B, and 424C of the Penal Code, carrying a prison sentence of up to 10 years and fines of up to RM150,000. Common forms of involvement include handing over bank account details to third parties without reason, opening accounts for others, and using personal accounts for suspicious transactions. To combat this, Rusdi introduced the T.A.K.E.F.I.V.E formula as a preventive measure. The first step, Think, urges individuals to critically assess investment opportunities before acting. The second, Ask, advises verifying information with authorities before sharing banking details. Knowledge is the third step, encouraging the public to stay updated on cybercrime tactics and use verification tools like Semak Mule PDRM and Bank Negara Malaysia's Financial Consumer Alert List. Rusdi added, 'The fifth step is Fight - avoid being susceptible and don't be deceived by promises of huge or quick returns.' The final steps, Ignore and Vigilant, stress ignoring dubious offers and cutting ties with suspicious individuals. – Bernama
Barnama
23-07-2025
- Business
- Barnama
Mule Account Offences A Growing Concern
KUALA LUMPUR, July 23 (Bernama) -- Mule account offences are becoming a growing concern, with thousands of Malaysians, including students, being exploited by financial crime syndicates promising easy returns, said Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Rusdi Mohd Isa. He said that, as of Monday (July 21), a total of 39,006 mule account cases had been detected, with 10,635 of the cases charged in court, while in 2024, there were 51,197 cases, involving over 33,000 cases brought to justice. "This is not merely a financial issue; it has become a form of organised crime used by syndicates to carry out various illegal activities, including online fraud, fake investments and e-commerce fraud,' he told a media conference on CCID current issues here today. Elaborating, Rusdi said action can be taken against those involved under sections 424A, 424B and 424C of the Penal Code, which carry a prison sentence of up to 10 years and a maximum fine of RM150,000, depending on the level of involvement and the offence. He said that among the forms of involvement are handing over bank account details to a third party without reasonable cause, opening bank accounts for others and using one's account to carry out dubious transactions. As such, Rusdi recommended the use of the 'T.A.K.E.F.I.V.E' formula as a preventive guideline to help members of the public from falling victim to financial fraud syndicates and mule account offences. He said the first step is Think - individuals need to think critically before making any decision related to investment and avoid taking hasty action; followed by Ask - always ask questions and seek valid documents before providing banking or investment information, as well as check with the relevant authorities. He added that Knowledge also plays a crucial preventive role, with the public required to be aware of the latest modus operandi used by cyber criminals and carrying out e-Checks (online checks) using portals such as Semak Mule PDRM and Investment Checker by the Securities Commission, as well as Financial Consumer Alert List by Bank Negara Malaysia. "The fifth step is Fight - avoid being susceptible and don't be deceived by promises of huge or quick returns - and the sixth step is to practice the principle of Ignore, whereby the public is advised not to entertain dubious offers, particularly on social media,' he said.
Borneo Post
30-06-2025
- Business
- Borneo Post
Miri man loses over RM1.54 mln in latest online investment scam
Photo for illustration purposes only. — Photo from Pixabay MIRI (June 30): A local man in his 40s lost over RM1.54 million after falling victim to an online investment scam. Miri police chief ACP Mohd Farhan Lee Abdullah said the Miri Commercial Crime Investigation Division (BSJKD) received a police report on the matter yesterday. 'The victim came across a stock investment advertisement on Google. He then clicked on a link and dealt with an individual who introduced herself as 'Susan' at 013-9236855 via WhatsApp,' he said in a press statement today. He added that the victim sunsequently made 22 separate transactions to eight different bank accounts as instructed by the suspect, amounting to over RM1.54 million. Mohd Farhan said the victim only realised he had been duped when the suspect gave various excuses as he tried to claim the returns from the investment. He said the case is being investigated under Section 420 of the Penal Code for cheating. This marks the second major online investment scam reported in Miri within a week. It follows an earlier case involving a female civil servant in her late 30s who lost over RM1.1 million to a non-existent investment platform. Mohd Farhan advised the public to remain vigilant and not to easily trust investment advertisements that promise high returns within a short period. He urged individuals to verify the legitimacy of any investment opportunities through official channels such as Bank Negara Malaysia's Financial Consumer Alert List ( and the Securities Commission Malaysia's investor alert list ( 'If you have just made a fund transfer to a mule account or scam syndicate, contact the National Scam Response Centre (NSRC) immediately by dialling 997,' he added. As an additional safeguard, the public is reminded that they can check suspicious phone numbers and bank accounts using the Royal Malaysia Police's 'Check Scammers CCID' portal via before conducting any financial transactions. To stay updated on the latest scam tactics, the public is encouraged to follow JSJK PDRM and Cyber Crime Alert RMP on Facebook, Instagram, and TikTok. lead Mohd Farhan Lee Abdullah online investment scam
