Three jailed over RM24.2 million bank fraud

LocalPolitics
13 Jun 2025 • 4:01 PM MYT
Daily Express
Daily Express

Daily Express Online (Malaysia) is Sabah's top-ranked & most viewed English news site. It is also Sabah's leading & most circulated daily English newspaper.

image is not available

By: Sabah Publishing House Sdn Bhd

KOTA KINABALU: Three individuals were each sentenced to five years in prison by the High Court here on Friday for assisting an organised criminal group involved in a RM24.2 million fixed deposit fraud.

Self-employed Sugumaran K. Ponniah, 56, teacher Subramaniam Thangavelu, 57, and fisherman Hasran Magin, 47, pleaded guilty separately before Judge Datuk Duncan Sikodol.

The offences took place at the MBSB branch here between April and July last year.

window.googletag = window.googletag || {cmd: []};googletag.cmd.push(function() {googletag.defineSlot('/22826383987/dailyexpress_inline', [1, 1], 'gpt-passback').addService(googletag.pubads());googletag.enableServices();googletag.display('gpt-passback');});They were convicted under Section 130W of the Penal Code, which provides for up to 10 years' imprisonment.

The judge ordered the jail terms to begin from the respective dates of their arrest.

View Original Article
Newswav Malaysia Best News App

Newswav is an online content aggregator and obtains its content from different online sources. The content in the app do not belong to Newswav nor do they reflect the opinions of Newswav and its staff. Your use of this app indicates your understanding and acceptance of this information.

Newswav Sdn. Bhd. (201701008480 (1222645-M)) 2026 All Rights Reserved