KUCHING: The number of complaints and enquiries related to investment scams and unlicensed activities in Malaysia surged 25 per cent and 57 per cent, respectively, during the two COVID-19 years, according to the Securities Commission Malaysia (SC).
The Securities Commission Malaysia (SC) has received over 2,000 queries and complaints on illegal investment schemes or scams as of Sept 30 this year.
Executive chairman Datuk Syed Zaid Albar said the queries and complaints have more than doubled the total number reported in 2020, adding that the SC has taken swift actions to combat the scams.
“As of Sept 30, 2021, 202 new entries has been made in the SC’s Investor Alert compared to 134 entries for the entire year of 2020
KUALA LUMPUR: The Securities Commission Malaysia (SC) has received over 2,000 queries and complaints on illegal investment schemes or scams as of Sept 30 this year.