Crime & Courts

Bank employee arrested after RM24.2m vanishes from fixed deposit accounts

KUALA LUMPUR: A bank employee was arrested after RM24.2 million went missing from several savings accounts.

Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf said the 38-year-old suspect was arrested in Kota Kinabalu on Thursday.

"The department received four reports earlier this month concerning losses totalling RM24.2 million.

"The complainants, who are account holders and bank staff, reported multiple suspicious cash withdrawals in Kota Kinabalu involving several savings accounts with the bank.

"The account holders denied having any knowledge of the transactions and stated they had not made any withdrawals in Kota Kinabalu as claimed.

"Investigations so far indicate involvement by syndicate members both inside and outside the bank, as these withdrawals could only have been done internally," he said in a statement.

He said the police also seized three hand phones and sim cards, eight ATM cards of various banks, RM4,000 cash and a laptop.

The case is being investigated under Section 420 of the Penal Code, which carries a jail term of up to 10 years, with whipping and a fine, upon conviction.

"The investigation team is also working on tracking down and arresting several other individuals who have been identified."

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