Suspect in Rf1 million fraud not employee: BML

MALE, August 16 (HNS) – Bank of Maldives (BML) today confirmed that the suspect arrested in relation to the Rf1 million missing from the account of a customer is not a bank employee. In a statement, the bank said it is fully assisting in the police investigation. The bank will return the customer’s money if no irresponsibility is proved on the customer’s part, the bank added. “And the cash was withdrawn from the account in compliance with the Bank’s regulation regarding cheques,” the statement read. Police did not identify the suspect. An American Express Gold Card holder, who owns the account, found out Rf971,460 missing from his account on July 10 when he went to the bank around 9.45am to deposit cash. The owner then obtained a bank statement, which showed that the same amount had been withdrawn from his account earlier on the same day. The transaction was made using a fake cheque numbered 000614 with the original still intact in the customer’s chequebook. Similar cases of missing cash from customers’ accounts have surfaced in the past in which BML employees were proven liable.
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