KUALA LUMPUR: A total of 28,377 cases of commercial crimes were recorded nationwide involving losses of over RM2.5 billion as of Nov 24 this year. Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf reported that on average, 86 cases were recorded daily, resulting in daily losses of RM7.6 million.

According to BERNAMA News Agency, the number of cases recorded so far this year had decreased by five percent compared to 29,829 cases during the corresponding period last year. However, the financial losses showed a different trend, with an increase of 37 percent from RM1.82 billion recorded last year. Ramli mentioned that 45 percent, or 12,805 cases investigated, were successfully brought to court this year, slightly higher than the 42 percent, or 12,565 cases, charged during the same period last year.

Ramli expressed optimism, stating that the statistical indicators reflect increased awareness within society. He hopes this momentum will continue through collectiv
e efforts between the public and the police. He also commented on recent amendments to the Penal Code or Act 574, and the new provision under Section 116D of the Criminal Procedure Code (CPC), which were gazetted and came into force on Oct 30, saying they would help raise public awareness and prevent involvement in account mule activities.

Under the new provision in Section 116D of the CPC, police officers with a rank of no less than Sergeant are empowered to block suspicious transactions at any bank or financial institution. This provision was passed by the Senate in July and received the royal assent in September. With the amendments to the Penal Code, individuals found guilty of possessing someone else’s bank card under Section 424A could face fines between RM5,000 and RM50,000, or imprisonment for no more than five years, or both.

Ramli further explained that under Section 424B, those who own mule accounts could be fined up to RM100,000, or face a maximum jail term of seven years, or both, if convicted.
He emphasized that with the enforcement of these amended laws, penalties are now heavier and more severe. Ramli urged the public to remain vigilant and cautious, warning against allowing others to use their accounts for any reason, as involvement in mule account activities could result in severe penalties.