Fraudulent Transfer Of Funds To Overseas Accounts

muscaa — Sun, 04 Jan 2009 22:41:20 +0800

QUOTE

Bank Negara To Investigate Fraudulent Transfer Of Funds To Overseas Accounts - Najib

PEKAN, Jan 3 (Bernama) -- Bank Negara would investigate the case of funds from several local bank accounts being transferred to overseas accounts without the account holders' permission, said Deputy Prime Minister Datuk Seri Najib Tun Razak.

Najib, who is also Finance Minister, however, said that those affected should lodge reports to facilitate investigations.

"I don't have the details of the matter but I believe that Bank Negara will investigate," he told reporters after handing over awards to pupils who excelled in the Ujian Penilaian Sekolah Rendah (UPSR) and opening a seminar on parenting, here, today.

Najib was asked to comment on today's newspaper report quoting Deputy Minister in the Prime Minister's Department T. Murugiah, who also oversees the Public Complaints Bureau, that funds from over 60 bank accounts were allegedly being siphoned off monthly.

He did not discount the possibility that bank staff were feeding information to the fraudsters, enabling the latter to transfer out the funds, and he also revealed a case where money of a savings account holder was sent by a third party via telegraphic transfer to an account in Indonesia.

It was also reported that a bank admitted the case happening and was expected to undertake tighter security measures to prevent more people from falling victims to cyber theft of funds believed to be the work of syndicates.

On the possibility of bank staff being involved in the fraudulent transfer of bank account funds and the Internet banking system being hacked, Najib said: "Let us investigate. Don't speculate."

Lowyat.NET: Latest topics by muscaa

Fraudulent Transfer Of Funds To Overseas Accounts