SIBU: A 34-year-old man was fined RM10,000 by the Magistrates’ Court here on Thursday after pleading guilty to a charge involving a RM30,000 transaction channelled through his CIMB Bank account.
Lau Tedong of Kapit, pleaded guilty to the charge under Section 424C(1) of the Penal Code, which carries a minimum three years’ imprisonment and a maximum 10 years’ imprisonment, or a fine of between RM10,000 and RM150,000, or both, upon conviction.
Magistrate Romario Jonoi imposed the RM10,000 fine in default one month’s imprisonment. Lau opted to pay the fine.
The court heard that Lau, on November 3, 2025, at Agro Bank, Leboh Pasar Besar in Kuala Lumpur, had indirectly, without lawful purpose, engaged in a transaction involving RM30,000 using his CIMB Bank account.
According to the facts of the case, police discovered the transaction while investigating another case under Section 4(1) of the Computer Crimes Act 1997.
Investigations found that Lau’s CIMB savings account had received an incoming transaction of RM30,000 on November 3, 2025. The amount was subsequently believed to have been utilised or transferred out of the account.
The court was also told that the investigation stemmed from a police report concerning an intrusion into or misuse of the system integration channel between Agrobank and PayNet through the ACI connector.
The investigation revealed the wider scale of the banking-related activity, with 718 recipient accounts across 19 financial institutions identified as having been used to transfer funds belonging to the bank.
The financial institutions named in the investigation included CIMB Bank, RHB Bank, Affin Bank, Maybank, GX Bank, Bank Berhad, Bank Simpanan Nasional, AEON Bank, Alliance Bank Malaysia Berhad, Bank Islam Malaysia Berhad, Hong Leong Bank Berhad, Public Bank Berhad, Bank Muamalat Malaysia Berhad, OCBC Bank Berhad, AmBank Malaysia, Boost Bank Berhad, United Overseas Bank Berhad, BigPay Malaysia and Bank Kerjasama Rakyat Malaysia Berhad.
The total loss suffered by the bank in the wider investigation was stated to be RM165,754,374.67.
For Lau’s account specifically, the investigation confirmed one transaction amounting to RM30,000.
