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Tuesday, September 7, 2021

Woman held for siphoning RM4mil in company funds

 

Police believe the suspect transferred the money into her own accounts after a company director went on sick leave. (Rawpixel pic)

PETALING JAYA: Ampang Jaya police arrested an accounts assistant yesterday in Taman Dagang Permai for allegedly siphoning a total of RM4 million in company funds.

The suspect, a woman, is now being probed for criminal breach of trust.

“She has been remanded for four days,” district police chief Mohamad Farouk Eshak said in a statement.

Farouk said the 39-year old suspect was given access to the accounts between January 2018 to June last year after the complainant – who is a company director – went on sick leave.

She had allegedly transferred the sum to two accounts in stages.

“The complainant had noticed that the money in the company’s bank account had gradually decreased and suspected the assistant.

“No one else but the suspect had access to the funds.”

If convicted under Section 408 of the Penal Code for CBT, she could be jailed up to four years, fined and given several strokes of the rotan, Farouk said. - FMT

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