KUALA LUMPUR, Feb 6 – The Ministry of Agriculture and Food Security (KPKT) has handed over the investigation involving a RM203.8 million loss suffered by Agrobank due to cyber fraud to the relevant law enforcement agencies.
Agriculture and Food Security Minister Datuk Seri Mohamad Sabu stated that the case now falls under the jurisdiction of the Royal Malaysia Police (PDRM) and Bank Negara Malaysia (BNM).
"We have fully entrusted the investigation to them; I cannot offer further comments at this stage," he said.
He made these remarks yesterday when met by reporters after officiating the MADANI Agricultural Excellence Awards ceremony.
Home Minister Datuk Seri Saifuddin Nasution Ismail previously confirmed that Agrobank incurred losses totaling RM203.8 million following a cyber fraud case.
According to Saifuddin, the fraud was reported to the police in November last year. To date, 47 individuals have been arrested in connection with the case. Among them, three individuals identified as "mule account" holders have been charged in court under Section 424C(1) of the Penal Code.
He further noted that while specific details of the case remain confidential, Section 424C(1) stipulates that any individual found using their bank accounts or payment instruments for illegal activities can face a prison sentence of between three and ten years, a fine ranging from RM10,000 to RM150,000, or both, upon conviction.
Malaysia