Most would think that banks are the safest place for one to keep their money from thieves, but sometimes things can still go horribly wrong and result in massive losses.
A worker from a bank in Kota Kinabalu, Sabah, was recently arrested upon suspicion of colluding with a syndicate which saw a whopping RM24.2 million being siphoned from multiple fixed deposit accounts.
RM24.2mil disappears from several fixed deposit accounts
In a statement by Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed, the incident was brought to light when police received four reports earlier this month regarding losses totalling RM24.2 million.
According to the complainants, who were account holders and bank staff, they noticed suspicious cash withdrawals involving several savings accounts being made with the bank.
“The account holders also denied that they were aware of the transactions and reiterated that they didn’t make any withdrawals in Kota Kinabalu as alleged,” he said.
Ramli added that investigations suggested that the money’s disappearance was linked to syndicate members both within and outside of the bank as the withdrawals could only be made possible with an insider’s help.
38yo bank worker arrested
A bank worker aged 38-years-old has since been arrested as part of the ongoing investigation. Police also seized three hand phones and SIM cards, eight ATM cards of various banks, RM4,000 in cash and a laptop.
Police are also working to track down and arrest more suspects who have been identified.
The case is currently being probed under Section 420 of the Penal Code for cheating, which carries a jail term of up to 10 years, with whipping and a fine, upon conviction.
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