Two arrested for cheating financial consultant out of over RM600,000

Police have arrested two suspects, a male and a female, aged 56 and 57 to assist in the investigation of bank document fraud involving losses of over RM600,000. — Photo by Ahmad Zamzahuri

Friday, June 17, 2022 8:41 PM MYT

KUALA LUMPUR, June 17 – Police have arrested two suspects, a male and a female, aged 56 and 57 to assist in the investigation of a bank document fraud involving losses of over RM600,000.

Kuala Lumpur Commercial CID Chief ACP Mohd Mahidisham Ishak said the two suspects who were the masterminds of the case were arrested at Jalan Bukit Bintang at 12.20pm yesterday.

He said the arrest followed a police report filed by a financial consultant on June 10 who alleged he was deceived when dealing with the two suspects to obtain a “stand-by letter of credit” worth $250 million from an overseas bank to do international business in Korea.

“The victim made the cash payment in stages on February 27 and March 2 for the amount of RM629,000 to the male suspect as payment processing.

“On March 4, the victim received an email from a third party who submitted the commercial document and he was suspicious of the document because he had done the confirmation at a local bank and thought it was fake,” a- he said in a statement today.

He said the two suspects had been remanded in custody for four days until June 20 and were being investigated under Section 420 of the Penal Code for cheating.

Mohd Mahidisham also advised people to check with the Bank Negara Customer Service Call Center (BNMTELELINK) on 1300 88 5465. — Bernama