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Bank Officer Arrested After Embezzling RM4 Million Of Customers' Fixed Deposit Savings

Police investigations showed there are many others who fell victim to the suspect's activities.

Cover image via Bernama/New Straits Times & Berita Harian

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A bank officer was arrested in a raid in Cheras on 21 September after his suspected involvement in embezzling client savings amounting to RM4 million

According to New Straits Times, Bukit Aman Commercial Crimes Investigation Department director Datuk Kamarudin Md Din said the 43-year-old man was a customer relations manager at an international bank.

Kamarudin said the suspect allegedly committed the offences by using the money from his victims' fixed deposit accounts to purchase seven gold bars for himself.

Image for illustration purposes only.

Image via Berita Harian

The suspect was charged in court for criminal breach of trust (CBT) under section 408 of the Penal Code on 27 September

Kamarudin said the manager pleaded not guilty and was released on RM30,000 bail.

"Currently, he has been charged in one case on 27 September, while six more offences are still being investigated," he said in a statement on Monday, 25 October.

Bukit Aman Commercial Crimes Investigation Department director Datuk Kamarudin Md Din.

Image via Bernama/New Straits Times

The director added that police investigations showed there are many others who fell victim to the suspect's activities

"We believe there are more victims who have suffered losses but have yet to lodge police reports," he said.

Kamarudin urged other victims who may be involved to come forward and make reports at their nearest police station to further investigations.

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