Connect with us


Former Bank Relationship Manager Charged For Using Customer’s Fixed Deposit To Buy Gold


My Post 2021 10 26T163622.266
Source: CNN Indonesia & Bernama

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

A former relationship manager of a bank was brought before the Sessions Court on Monday (25 October) on charges of breach of trust of money amounting to RM411,442.17, belonging to a senior citizen, to buy seven gold bars without the man’s knowledge.

Based on a report by Sinar Harian, 43-year-old Mohd Saibulrijal Mohd Saad pleaded not guilty after the charges against him were read before Judge Datin Sabariah Othman.

The incident took place three weeks ago, 6 September, while Mohd Saibulrijal was the relationship manager of the bank. He was charged with breach of trust after he had withdrawn a fixed deposit of RM411,442.17 and had transferred it into a current account belonging to the elderly man.

Bank 2

He then purchased seven gold bars weighing 1.5 kgs worth RM376,110.72 for his own use, without the elderly man’s knowledge or permission.

The act was allegedly committed at a bank in a shopping mall in Bangsar, Brickfields, between 8.52am and 4.50pm.

This case is currently being investigated under Section 408 of the Penal Code, which carries a maximum jail sentence of 14 years, whipping and also a fine, if convicted.

The court allowed the accused a bail of RM30,000 with one surety and set 27 October as the date for the re-mentioning of the case.

Who knew that keeping your money at a bank isn’t even safe enough anymore.

What do you think about this? Let us know in the comment section.


Also read: “Malaysia’s First VIP Criminal” Tun M Weighs In On Court’s Decision To Temporarily Release Najib’s Passport

My Post 2021 10 26T123808.311

Source: Bernama

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

Ft Roti Canai Ft Roti Canai
News14 hours ago

“The prices DO NOT make sense” Tourists Shocked at RM4 Roti Canai in Langkawi

The recent case of the RM1,000 siakap which was served at a floating restaurant in Langkawi has led to consumers...

Collage 5 5 Collage 5 5
News14 hours ago

High Court Has Ordered For Sajat’s Properties To Be Confiscated & Auctioned Off

It looks like bad days are ahead for Nur Sajat despite finding peace by residing in Australia.  Today (30 November),...

My Post 2021 11 30T153342.007 My Post 2021 11 30T153342.007
News15 hours ago

Malaysia Apparently Loses RM40 Billion To RM60 Billion a Year, Thanks To Corruption

It’s no secret that Malaysia may very well be one of the most corrupt countries in the world. But, just...

Ft Ft
News15 hours ago

PAS MP Wants Malaysian Government To Censor All LGBTQ & Sexual Content On Netflix

Over recent years there has undoubtedly been a rise in the usage of entertainment platforms such as Netflix. The digital...

Gang Arrested Ft Gang Arrested Ft
News15 hours ago

40 Men Who Attended ‘Kongsi Gelap’ Introduction Gathering in Penang Arrested

A group of men, who are believed to be ‘kongsi gelap‘ members was arrested after holding a secret society gathering...

Ft Omicron Ft Omicron
News19 hours ago

Here’s What We Know So Far About Omicron, The “Variant of Concern” That Keeps Spreading

As we all appear to be returning to our normal ordinary lives pre-Covid, a new variant of concern has once...

My Post 2021 11 30T105938.633 My Post 2021 11 30T105938.633
News20 hours ago

Bar in KL Fined RM20,000 After Video Shows Crowd Dancing and Partying Without SOPs

The owner of a bar in Kuala Lumpur was fined RM20,000 for violating the standard operating procedures (SOPs). Based on...

Ambulance Ft 2 Ambulance Ft 2
News20 hours ago

Taiwanese Man Calls Ambulance 39 Times A Year To Use It As ‘Free Taxi’ Just To Avoid Walking

Many of us know that emergency services should only be contacted for actual emergencies. However, a Taiwanese man has a...


Latest Videos