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Barnama
3 days ago
- Barnama
Negeri Sembilan Commercial Crime Cases Rise, Losses Hit RM47.74 Million
SEREMBAN, June 5 (Bernama) -- Commercial crime cases in Negeri Sembilan have increased, with losses reaching RM47.74 million from January to May this year, compared to RM33.84 million in the same period last year. During this period, 1,351 commercial crime cases were reported in Negeri Sembilan, compared to 1,033 cases reported the previous year, said state deputy police chief SAC Muhammad Idzam Jaafar. He said this reflected an increase of 318 cases, or 30.8 per cent, while the total losses also rose by RM13.9 million, or 41.1 per cent, compared to the same period last year. "Online scams were the main type of commercial crime reported in the state, constituting 82 per cent of all commercial crime cases. "These scams, involving telecommunications fraud (480 cases), online purchase scams (248), non-existent investment schemes (208), fake loan scams (151), and love or parcel scams (22), have resulted in losses exceeding RM42 million," he said in a statement today. Meanwhile, he said police had detected a new phone scam, where perpetrators pose as Touch' n Go card agents and police officers. Muhammad Idzam said the scammers would claim that the victim's Touch 'n Go card had been misused by a third party and that the victim was allegedly involved in money laundering and drug-related crimes. "To resolve the issue, the victim is asked to provide details of their assets, including cash and jewellery. They are then instructed to transfer money to a specified bank account and hand over their jewellery to a runner for investigation purposes. "Following investigations, police traced and seized jewellery that had been pawned by the runner at gold shops and pawnshops around Selangor," he said, adding that the case is being investigated under Section 420 of the Penal Code.
The Sun
3 days ago
- The Sun
Negeri Sembilan commercial crime cases rise, losses hit RM47.74 million
SEREMBAN: Commercial crime cases in Negeri Sembilan have increased, with losses reaching RM47.74 million from January to May this year, compared to RM33.84 million in the same period last year. During this period, 1,351 commercial crime cases were reported in Negeri Sembilan, compared to 1,033 cases reported the previous year, said state deputy police chief SAC Muhammad Idzam Jaafar. He said this reflected an increase of 318 cases, or 30.8 per cent, while the total losses also rose by RM13.9 million, or 41.1 per cent, compared to the same period last year. 'Online scams were the main type of commercial crime reported in the state, constituting 82 per cent of all commercial crime cases. 'These scams, involving telecommunications fraud (480 cases), online purchase scams (248), non-existent investment schemes (208), fake loan scams (151), and love or parcel scams (22), have resulted in losses exceeding RM42 million,' he said in a statement today. Meanwhile, he said police had detected a new phone scam, where perpetrators pose as Touch' n Go card agents and police officers. Muhammad Idzam said the scammers would claim that the victim's Touch 'n Go card had been misused by a third party and that the victim was allegedly involved in money laundering and drug-related crimes. 'To resolve the issue, the victim is asked to provide details of their assets, including cash and jewellery. They are then instructed to transfer money to a specified bank account and hand over their jewellery to a runner for investigation purposes. 'Following investigations, police traced and seized jewellery that had been pawned by the runner at gold shops and pawnshops around Selangor,' he said, adding that the case is being investigated under Section 420 of the Penal Code. He advised gold and pawnshop owners not to accept bulk and suspicious pawned items from individuals.
New Straits Times
28-05-2025
- Business
- New Straits Times
Hong Leong Capital posts RM40.8mil net profit amid market volatility
KUALA LUMPUR: Hong Leong Capital Bhd reported a net profit of RM40.8 million for the first nine months of financial year 2025 (9M FY25) due to lower equity investment returns. The net profit for the quarter ended March 31, 2025 declined 33 per cent from RM61.2 million a year ago. In a filing with Bursa Malaysia, Hong Leong Capital said the investment banking and stockbroking segment recorded lower pre-tax profit of RM12 million, down 11 per cent from RM13.9 million last year. This is due to lower profit contribution from stockbroking division. The investment holding and others segment slipped into the red to RM1.96 million from a pre-tax profit of RM11 million, dragged by revaluation loss of financial assets at FVTPL Conversely, fund management and unit trust management segment posted higher pre-tax profit of RM4.9 million, higher than RM1.98 million last year due to lower overhead expenses. Hong Leong Capital chairman Tan Kong Khoon said the performance was affected by market volatility stemming from heightened geopolitical tensions and evolving global trade dynamics. He said the external headwinds had a direct impact on the stock market, as seen in the 5.0 per cent decline of the FBM KLCI since the start of the financial year in July 2024 that adversely affected its equity investment returns. "Hong Leong Capital will remain focused on executing our strategic priorities and delivering long-term value creation for all our stakeholders. "A key initiative in this direction will be bolstering the sales outreach of Hong Leong Capital suite of products by leveraging on the integrated distribution network of the financial group. "This includes the upcoming foreign-denominated funds from our asset management division," he added. Tan said the company is enhancing the stockbroking application to create a more integrated experience for users to improve customer experience and serve as a key feature in client acquisition. These initiatives, he said, will continue to be underpinned by strict capital liquidity, and cost discipline.
