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 He was charged with breach of trust after he had withdrawn a fixed deposit of RM411,442.17 and had transferred it into a current account belonging to the elderly man.
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.
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This post first appeared on WORLD OF BUZZ.