POLICE are investigating seven reports of criminal breach of trust (CBT) amounting to RM4 million following the arrest of a banker last month.

Bukit Aman Commercial Crimes Investigation Department (CCID) director Kamarudin Md Din said the man, who was a customer relations officer at an international bank in Bangsar, Kuala Lumpur, was recently charged with CBT.

“The man was detained on September 21 based on one of the 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.

“We are investigating six other reports involving the suspect,” Kamarudin said in a statement.

According to the police chief, there could be more victims but they have yet to lodge police reports.

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However, upon returning to the bank in October, the lawyer found that the fixed deposit accounts had been withdrawn on June 11 and June 25 without his consent.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. – October 26, 2021.