KUALA LUMPUR – Bangsar and Brickfields have emerged as hotspots for counterfeit currency operations, posing a growing threat to Malaysia’s local economy, according to Brickfields District Police Chief, Assistant Commissioner Ku Mashariman Ku Mahmood.
His warning follows the recent confiscation of over USD400,000 (RM1.67 million) in counterfeit notes during a major crackdown on a “black money” fraud syndicate operating across both areas.
Speaking exclusively to Scoop, Ku Mashariman said cases involving counterfeit currency in Bangsar and Brickfields have been steadily rising, with both locals and foreigners implicated.
“We are seeing a worrying increase in counterfeit currency cases, with Bangsar and Brickfields becoming key operational grounds.
“These activities don’t just cheat individuals; they undermine public confidence in cash transactions and threaten the local economy by fuelling other criminal activities,” he said during an interview at the Brickfields District Police Headquarters today.
He said several reports have been lodged by victims duped into handling counterfeit notes, often through scams promising high returns.
“Many victims come forward only after discovering they have been tricked. These syndicates typically target small businesses and individuals dealing with large sums of cash,” he added.
The USD400,000 seizure was linked to a foreign syndicate busted last year. Its ringleader was convicted and sentenced to one year and three months in prison, and is now facing deportation.
In response, Ku Mashariman said police have intensified patrols and intelligence-gathering efforts across Bangsar and Brickfields to track down others involved and dismantle the remaining networks.
Special task forces from Brickfields IPD are working closely with Bukit Aman, Bank Negara Malaysia, and international enforcement agencies to stem the flow of counterfeit currency into the market.
“We are adopting a zero-tolerance stance on counterfeit currency. In collaboration with Bukit Aman, our teams are conducting frequent operations and inspections at locations known for high cash transactions, including entertainment venues, business hubs and informal money-changing spots,” Ku Mashariman said.
He warned that the spread of fake currency not only results in direct financial losses but also undermines trust in legitimate businesses and local markets.
“If left unchecked, counterfeit currency circulation could disrupt daily commerce and discourage small businesses from accepting cash. We are determined to prevent that from happening,” he added.
Police have urged the public to remain vigilant, inspect large cash transactions carefully, and report any suspicious activity immediately. — July 26, 2025