Going, going, GONE: Scammers wipe out woman’s entire life savings kept in fixed deposit

Chong (left) and Kuan show a copy of a police report and other documents after lodging the said police report today (Oct 26, 2022).

By Ashley Sim

KUCHING, Oct 26: It appears that even fixed deposits (FDs) are not safe from the reach of scammers.

A housewife who only wanted to be identified as Kuan had her entire life savings of RM21,400 transferred from her FD account to the savings accounts of several people she does not know.


Sarawak Democratic Action Party (DAP) chairman Chong Chieng Jen told reporters today at a press conference at the Sekama Police Station here that on Oct 24, Kuan went to a bank at Simpang Tiga to check her funds because she couldn’t access her account and subsequently discovered that her FD account had been emptied.

“Her life savings of RM21,400 in her FD account were wiped out and transferred to several individuals’ saving accounts in 12 transactions.

“This is shocking because we have heard of several cases of money being transferred out of savings or current accounts without your knowledge or authority, and now your money in your FD account can be transferred out without your authority,” Chong explained.

He said that the 12 transactions took place on August 10 and 11, during which Kuan’s money was transferred to several individuals’ savings accounts.

“Kuan last checked her FD account at [bank] Simpang Tiga on July 26, so she returned to the bank after three months to find that the money had been transferred out in August,” he added. — DayakDaily