Kuala Lumpur: Early this month, a whopping RM24.2 million in total was taken out from several fixed deposit accounts in Kota Kinabalu, in what was suspected to be fraud by a syndicate.A total of 14 people have been arrested to assist in investigations so far.
SPONSORED CONTENT Hajiji says positive economic achievements prove Sabah govt’s commitment Kota Kinabalu: Chief Minister, Datuk Seri Hajiji Noor, emphasised that the positive economic achievements over the past three years underscore the Sabah government’s steadfast commitment to both the administration and development of the state. Read more Investigations are being carried out under Section 420 of the Penal Code for cheating.
It was believed that the mastermind was an expert in falsifying personal information, particularly in identity cards and fingerprints for the withdrawal process. Seized so far: Nine vehicles of various models, RM1.93 millions in cash, mobile phones, ATM, debit and credit cards, as well as jewellery and documents believed related to the criminal activities.BNM said it takes a serious view of the recent reports that large-scale unauthorised cash withdrawals arising from the collusion of financial institution employees with external parties. “The integrity of individuals working in financial institutions is paramount.
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