Fraudsters are said to have siphoned funds from 60 to 70 from local bank accounts monthly the authorities have been allowing this to happen for more than two years now the Public Complaints Bureau revealed.
NST said, here is how these fraudsters duped unsuspecting targets to part with their hard-earned monies.
Those targeted would be told to submit their account numbers so that their winnings could be banked in.
Murugiah, however, said this could not possibly be the only way the syndicates obtained the victims’ account numbers.
He said banks should be held responsible and made to compensate the defrauded for not safeguarding their funds.
He cited the example of the factory worker who lodged a complaint with the PCB claiming that some RM7,400 in his savings account had been transferred by a third party to Indonesia.
The bank in that case alleged that a syndicate sent a text message to the worker, telling him he had won a cash prize. He was told to go to an automated teller machine and follow certain instructions.
The factory worker said that he did not receive any text message nor did he register to use the bank’s online facilities, and lodged a report.
Further investigations revealed that the money was sent via telegraphic transfer to an account in Indonesia.
Deputy Minister in the Prime Minister’s Department Senator T. Murugiah said he was not discounting the possibility that bank staff were feeding information to the fraudsters.
“How would a syndicate know which account to target if it did not have inside help?
“It is very likely that bank workers sell classified details to the syndicate which then use the information to transfer funds into overseas accounts,” he said.
“This is alarming and should not be treated lightly. If anyone has found that their bank accounts have been tampered with, they should immediately report it.”