Bank officer detained over RM4m CBT cases using client’s money to purchase 7 gold bars for himself

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A bank officer was arrested in a raid in Cheras over his suspected involvement in seven criminal breach of trust and embezzlement cases amounting to about RM4 million.

Bukit Aman Commercial Crimes Investigation Department director Datuk Kamarudin Md Din said the man, 43, was a customer relations manager at an international bank.

He allegedly committed the offences by using the money from his victims’ fixed deposit accounts to purchase seven gold bars for himself.

“The man was detained on September 21 based on one of the several police reports where he was said to have bought seven gold bars using a customer’s fixed deposit savings.

“He was charged with CBT on September 27 but pleaded not guilty and granted bail at RM30,000.

“Currently, he has been charged in one case while six more offences are still being investigated.

Bernama

“We believe there are more victims who have suffered losses but have yet to lodge police reports. Those affected are advised to come forward and lodge reports at nearby police stations for further investigation,” Kamarudin said in a statement today.

It was recently reported that a victim had lost RM1 million of his life savings at a renowned international bank located in Bangsar.

The victim, a lawyer, had initially opened a fixed deposit account at the bank on April 27.

The lawyer alleged that RM1 million from his fixed deposit account was transferred to an unknown individual’s account without his knowledge or consent.

In his police report, the lawyer said the funds were entrusted to a relationship manager from the bank who would handle all banking matters related to him and his mother.

It is learnt that the bank also issued two fixed deposit account certificates amounting to RM500,000 each.

However, upon returning to the bank in October, the lawyer found that the fixed deposit accounts had been withdrawn on June 11 and June 25 without his consent.

According to the victim, the bank had promised to reimburse the funds along with due interest, but that this would depend on its internal investigation.