KOTA KINABALU: Commercial Crime Investigation Department is searching for a former bank personal financial consultant to help with the investigation on a breach of trust case of a sham stock investment which incurred a loss of nearly RM1 million.
District Police Chief, Assistant Commissioner M. Chandra, said the male suspect is wanted by the authority after 14 police reports were made against him between 13 May to 21 July by the nine victims and the bank.
“The suspect, known as Raphael Fred, aged 43 years old, is ordered to come to the district police headquarters or other nearby police stations to help with the investigation under Section 420 of the Penal Code,” he said to the media.
He said the case came to light when the nine victims wanted to check their investment profits but they were informed by the bank that their investment records did not exist.
“The victims claimed that they had paid a sum of money to the suspect and were given payment receipts for the stock investment offered by the bank,” he said, adding that all victims then advised by the bank to lodge a police report for further action.
Initial investigation has found the suspect has disappeared since May this year and efforts are being done to detect the former consultant who is believed to be still in the state.
“Police investigation also found the man to have no past criminal record,” he said.
All the victims aged between 23 to 61 years old have lost RM727,469 and are clients to the suspect working as a personal financial consultant at the bank.
The public with information on the suspect’s location are urged to come forward to the nearest police station or by calling the investigation officer, Insp. Nur Dalila Hamzah, at the line 013-6171758. – SayangSabah