A man was left stunned after he was informed by the bank that it had no record of a RM1 million deposit he and his wife made 20 years ago.
According to Sin Chew Daily, the man had made the deposit in two fixed deposit accounts, each with a 2-year lock-in period, at a bank on Aug 25, 2006.
For the next 20 years, the man did not make a single withdrawal for either account.
No record found
On February 2026, the man stumbled upon a photocopy of the deposit slip while he was doing some housecleaning and this immediately jogged his memory about the deposit.
He then went to the bank’s Sibu branch to withdraw the RM1 million, but was told that there was no existing record of the deposits being made.
This then prompted him to lodge a police report.
The man also travelled to Peninsular Malaysia to seek answers from Bank Negara Malaysia (BNM), but was given a similar response.
Hopes to recover deposits
Left with no other option, the man sought the help of police and an assemblyperson’s assistant when he went to the bank again in September to recover the money.
Again, his hopes were dashed as the bank insisted it had no record of the RM1 million deposit.
The police also told the man that most likely the money had had been transferred to the Accountant General’s Department due to the fact that it was deposited 20 years ago, adding that money doesn’t “vanish into thin air”.
In light of his situation, the man lamented to Sin Chew Daily that no one had been able to tell him where the money went despite him providing relevant documents to the bank and relevant departments.
He also said he hopes the authorities will probe further, adding that the entire encounter was “frightening”.
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