Inside job: two bank employees among five arrested in RM24.2 mil scam

Arrests follow reports of suspicious cash withdrawals from fixed savings accounts in Kota Kinabalu

2:00 PM MYT

 

KUALA LUMPUR – Police have arrested five individuals, including two bank employees suspected of being “insiders” colluding with a syndicate involved in withdrawing RM24.2 million in cash from several savings accounts.

Speaking to Scoop, Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf said the arrests were made to assist an ongoing investigation under Section 420 of the Penal Code.

“We arrested a man last Friday over suspicion that he may be the mastermind of the syndicate, and so far, we have arrested five more people, including two bank officers,” he said when contacted.

In a statement yesterday, Ramli said that the man, who is suspected to have been the mastermind of the RM24.2 million cash withdrawal syndicate, has been arrested.

The suspect, who is in his 40s, was arrested in Sabah a day after police arrested a bank employee.

Earlier, the CCID confirmed receiving four police reports regarding money “lost” from fixed savings accounts worth RM24.2 million.

The affected bank account owner and a bank employee filed a police report in Petaling Jaya earlier this month, alleging suspicious cash withdrawals in Kota Kinabalu, Sabah, Ramli said.

Following this, he said, a 38-year-old suspect, who is also a staff member of the affected bank, was arrested in Kota Kinabalu on June 13.

He added that a preliminary investigation revealed that the syndicate included members from both inside and outside the bank who colluded in relation to the money withdrawals, considering that the matter could only be done with internal information.  – June 17, 2024

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