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Losses exceeding RM5.3 million due to vending machine scams have been reported since 2023, with 57 police reports filed to date.
According to Datuk Seri Ramli Mohamed Yoosuf, Director of the Bukit Aman Commercial Crime Investigation Department, the police have confirmed these losses following a media briefing by the Malaysian International Humanitarian Organisation (MHO) that brought attention to the scam. “We urge anyone who has fallen victim to this scam to come forward and lodge a report at the nearest police station for further investigation,” Ramli stated in a press release today. He emphasized that the cases are being investigated under Section 420 of the Penal Code, which deals with cheating and dishonestly inducing delivery of property.
Ramli advised the public to exercise caution and thoroughly research any investment opportunities before committing their money. He recommended seeking advice from reputable investment agencies such as Bank Negara Malaysia and the Securities Commission. “Avoid making investments blindly, as greed and ignorance often lead to financial losses,” he warned.
The MHO media conference also highlighted allegations against a company purportedly working with a well-known foundation. This company is accused of orchestrating a vending machine scam, resulting in RM1.8 million in losses to its victims. Datuk Hishamuddin Hashim, Secretary General of MHO, revealed that the organization had received 19 complaints from individuals who had fallen prey to the scam before the onset of the Covid-19 pandemic.
Victims of the scam were lured by the promise of lucrative returns from vending machines, but instead, they faced significant financial losses. This scam has had a considerable impact, prompting MHO to raise awareness and seek justice for the victims. The police and MHO are working together to investigate these fraudulent activities and bring the perpetrators to justice.
The authorities continue to stress the importance of due diligence and skepticism when approached with investment opportunities, especially those promising high returns with minimal risk. By staying informed and cautious, potential investors can protect themselves from falling victim to such scams.
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