A VISIT TO MDI PART II: STATISTICS

Statistic on Bankruptcy Cases and Bankruptcy Fraud Cases in Malaysia

Statistics of cases were obtained from Investigation & Enforcement Unit of MdI. In Malaysia, number of bankruptcy cases has risen by 14% from year 2012 to year 2014. In 2012, a total of 19,575 persons were declared as bankrupt by court. Number of case increase to 21,987 in 2013 and later increase to 22,351 cases in the year 2014. According to MDI, as at April 30, 2015, a total of 6,017 cases has been recorded. The chart below explain the increment in number of bankruptcy recorded in Malaysia.

If compared to number of bankruptcy recorded, number of Bankruptcy Case investigated by MDI was relatively small. In the year 2012, a total of 15 investigation paper were opened for investigation. The number decrease to 10 in the year 2013 and later in 2014 decrease to 4 investigation. The following chart explain in detail:

Based on Zainol (2015), effective outreach programs were conducted by MdI that resulted in a greater contribution to the reduction of bankruptcy fraud cases. The outreach program includes awareness campaign on the roles and responsibilities of bankrupt persons. MDI also shared with us, as at to date, there are only 3 bankruptcy cases has been brought to court.