What was the total value of personal loans involved in the alleged bribery?

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Total Value of Personal Loans in Alleged Bribery Case Reaches RM18 Million

Six bank employees have been remanded for seven days in connection with an alleged bribery scheme involving personal loans valued at RM18 million. The illicit activities are reported to have taken place between 2018 and 2020. The Malaysian Anti-Corruption Commission (MACC) arrested the individuals, who are between 36 and 45 years old, at their homes in Selangor and Putrajaya.
Bribery Scheme Details

The six employees, attached to various bank branches in the Klang Valley, are suspected of soliciting and accepting bribes from individuals applying for personal loans. These bribes allegedly ranged from 15 to 35 percent of the total loan amounts. The investigation has so far identified approximately 110 personal loans that were part of this alleged scheme.
MACC Investigation and Seizures

The MACC initiated the investigation, leading to the arrests of the bank employees. Following the detentions, the commission seized a significant amount of cash, totalling approximately RM69,000. In addition to the cash, several luxury watches and mobile phones were also confiscated as part of the ongoing inquiry.
Remand Order and Legal Proceedings

A magistrate's court issued the seven-day remand order for the suspects, allowing the MACC to detain them for further questioning. The legal proceedings are underway to ascertain the full extent of the alleged corruption and to bring those involved to justice. The case highlights concerns regarding integrity within the financial sector and the measures being taken to combat corruption.

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What was the total value of personal loans involved in the alleged bribery?

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