PETALING JAYA: Moneychangers are in a bind following a RM8 million theft at a major currency wholesaler in Kuala Lumpur which could mean a shortage of supply.
A report in The Star cited sources as saying that a staff member of the wholesaler had absconded with the money, which was meant to be distributed to the moneychangers on Friday.
Some moneychangers have complained of a shortage of supply although it is believed that there is enough in the market to meet demand.
“I can’t reveal any details at the moment but I can confirm that we are investigating,” The Star quoted Bukit Aman Commercial Crime Department (CCID) director Comm Amar Singh as saying.
Sources said the theft was believed to be an inside job involving more than one person.
“There is a major internal investigation into how this could have happened,” one of them was quoted as saying.