A bank employee from Kota Kinabalu, Sabah, has been arrested on suspicion of conspiring with a conspiracy that syphoned RM24.2 million from numerous fixed deposits.

According to Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed, the occurrence came to light after police received four reports earlier this month about losses totaling RM24.2 million.

In accordance to the complainants, who were account holders and bank employees, they detected strange cash transactions from many savings accounts at the bank.

"The holders of the accounts also disputed that they were informed of the transactions and reiterated that they were not making any withdrawals in Kota Kinabalu as alleged," he stated.

Ramli stated that investigations revealed that the money's theft was connected to group members both inside and outside the bank, as transfers could only be performed with an insider's assistance.

Since then, a 38-year-old bank employee has been taken into custody as a part of the ongoing inquiry. Along with eight ATM cards from different banks, three mobile phones and SIM cards, RM4,000 in cash, and a laptop were also taken by the police.

Additionally, police are attempting to locate and apprehend additional identified suspects.

The case is presently being investigated under Section 420 of the Penal Code, which provides a jail sentence of up to ten years, along with a fine and whipping if found guilty of cheating.

Source: X