Considered Malaysian news, analysis and opinion.
Prime Minister Anwar Ibrahim will address Parliament tomorrow on the Retirement Fund's RM163 million investment loss in Indonesian aquaculture startup eFishery, which fell victim to planned fraud involving manipulated financial statements.
Authorities in Kuala Lumpur have successfully rolled up a fraudulent perfume investment operation, apprehending six suspects linked to the scheme during a targeted raid at a commercial location in KL Eco City.
More than 100 victims of investment fraud gathered in Kuala Lumpur to press authorities to expedite cases against 18 companies suspected of orchestrating coordinated scamming operations.
A group of 111 investors has initiated legal proceedings in the High Court against QEW Group and its two directors, claiming the company failed to return approximately RM20.5 million in investment capital.
Online scams cost Malaysians RM2.97 billion in 2025, nearly double the previous year's RM1.57 billion. Investment fraud accounted for almost half the losses as cybercriminals refine tactics.