KUALA LUMPUR: There has been a 34 per cent increase in commercial crime cases recorded so far this year.
Federal Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf said a total of 15,500 commercial crime cases have been recorded until July 7.
For the corresponding period last year, there were 11,546 cases, he said.
"There is an average of 65 cases per day… The total losses amounted to RM1,207,620,852.73.
"The amount of losses spiked by 83 per cent compared to RM660,886,627.91 recorded during the same period in 2023," he said at a weekly press conference here today.
Ramli said the rise in cases pose a challenge that demands more precise commitment from the police, particularly the CCID.
He said effective management has resulted in the successful prosecution of 5,559 investigation papers this year, a substantial increase from 2,218 charges filed during the same period in 2023.
"Among other things, the increase in commercial crime cases also requires joint commitment from the community, especially in terms of prevention.
"Police urge the public to always be vigilant and participate in various efforts to prevent commercial crime currently underway," he said.