Cops probe RM2mil unauthorised transactions from bank in Perak

The Star

Another case of missing funds from a bank account involving RM2mil has been detected at a bank in Kuala Kangsar, Perak.  Bukit Aman Commercial Crime Investigation Department (CCID) director Comm Datuk Ramli Mohamed Yoosuf stated at a press conference on Friday (July 12) that the bank's investigation revealed the main suspect, an employee who committed suicide on July 5, had withdrawn the funds and deposited them into several other accounts.   Comm Ramli emphasised that banks should not blame customers for financial fraud losses without proof of negligence and urged banks to strengthen their systems to safeguard account holders.  Read more at https://tinyurl.com/4swj32m4  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00The first is related to the Law of Movement of the Penal Code in the 2024 Movement Bracket.

00:09JSJK, the Royal Malaysian Police, expressed its appreciation for the passing of the Law of Movement of the Penal Code 2024,

00:20which was passed for the first time in the People's Court on 9 July 2024.

00:27This movement is a positive step in the effort to intensify the investigation and enforcement of fraud cases,

00:36especially fraud in the Penal Code.

00:39Through this movement, individuals who are involved in fraud cases in the Penal Code,

00:45including account holders, will face heavier sentences through actions under new provisions.

00:55This development is highly appreciated by the PDRM,

00:59given that at present there is no specific provision to punish those involved in this fraud case.

01:06The PDRM is confident that this movement will provide a new landscape in the enforcement of commercial crime laws.

01:15The following are some new provisions that have been passed.

01:20First, Section 424A of the Penal Code.

01:24This is intended to impose a penalty for the possession or control of other people's payment instruments or other people's bank accounts.

01:38Section 424B of the Penal Code

01:42This is intended to impose a penalty for the possession or control of other people's payment instruments or other people's bank accounts.

01:55Section 424C of the Penal Code

02:00This is intended to impose a penalty for the possession or control of other people's payment instruments or other people's bank accounts.

02:15Section 424C of the Penal Code

02:20This is intended to impose a penalty for the possession or control of other people's payment instruments or other people's bank accounts.

02:35Section 424D of the Penal Code

02:39This is intended to impose a penalty for the possession or control of other people's payment instruments or other people's bank accounts.

02:52Section 116D of the Penal Code

02:57This is intended to impose a penalty for the possession or control of other people's payment instruments or other people's bank accounts.

03:12Section 116B of the Penal Code

03:17The Ministry of Commercial Crimes welcomes the recommendations of the Minister of Finance, Lim Hui Ying,

03:26that the institutions of banks need to carry out a detailed investigation on unauthorized bank transactions.

03:36Banks should not blame customers for the losses they suffer from bank fraud in exchange for

03:46a clear proof that the customer failed to protect their personal safety evidence.

03:54For example, in the newspaper The Star, dated 10 July 2024,

03:59under the headline, Caught in the Mule Trap, page 4,

04:04under the section Nation,

04:06there is an accusation by an account broker that he has been brought by a syndicate to several banks to open an account

04:15without much questioning by the bank employees on duty.

04:19In short, there are bank employees who work with the syndicate to facilitate the opening of an account

04:27by an individual who is supposedly the owner of the company to allow money to be transferred to the company's account.

04:37Under the new regulations that will be enforced,

04:40the JSJK will also investigate and sue the bank employees involved in the activities of the syndicate.

04:49As an additional step, the PDRM recommends that the banks clean up their system

04:55to ensure customer safety.

04:59We also acknowledge or say thank you in several cases

05:06where bank employees also obstructed the opening of this account.

05:12There are two cases that we know for sure,

05:15and there are also cases in Penang where bank employees have blocked

05:22from account holders to transfer money.

05:27These are the steps that need to be praised

05:31because it helps the police in arresting this crime.

05:36For information, on July 9, 2024, the PDRM received another police report

05:42related to the loss of money from a bank account involving a loss of more than Rp 2 million.

05:49Through a report made at Kuala Kangsa, Perak,

05:52a complainant who is an accomplice of a local bank

05:56informed them that they found an accomplice in the same bank

06:01who has committed embezzlement by transferring money from a permanent deposit account to a third-party account.

06:11This accomplice's activities were only revealed

06:14when on June 27, 2024,

06:17two permanent deposit account holders

06:20came to the bank to withdraw money from their permanent deposit account.

06:26After the embezzlement was made,

06:28it was found that some of their permanent deposit accounts had been sealed.

06:32These customers denied ever making a deposit or withdrawing money from their permanent deposit account

06:41Based on the investigation by the bank,

06:44it is suspected that an accomplice has made the embezzlement

06:48and deposited it to several different accounts.

06:53The accomplice and the main suspect in this case

06:56passed away on July 5, 2024.

07:00No matter what, the main suspect has passed away.

07:05We will continue the investigation under Section 408 of the Penal Code.

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