Horror as lawyer’s RM1 mil in life savings transferred without consent

[superadmin]

KUALA LUMPUR – A lawyer here received a rude shock after losing RM1 million in life savings stashed in a renowned international bank, raising fears over the security of large funds handled by priority banking services for high-net-worth individuals.
 
In an alarming revelation, S. Rajan (not his real name) alleged that RM1 million from his fixed deposit accounts were transferred to an unknown individual’s account without his knowledge or consent.
 
According to a police report sighted by The Vibes, the lawyer, in his 30s, said he visited the bank in Bangsar with his mother on April 7 this year to open the fixed deposit accounts.
 
The accounts were meant to remain open until the same date next year to allow interest on the funds to mature.
 
The report said the funds were entrusted to a relationship manager from the branch who would handle all banking matters related to him and his mother.


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