Bukit Aman commercial crime investigation department director Ramli Yoosuf said the suspect, in his 40s, was arrested in Sabah yesterday, Berita Harian reported.

“We believe there are other individuals involved in the syndicate responsible for the unauthorised withdrawals from the savings accounts,” he was quoted as saying.

“Our department is conducting an investigation to identify and arrest all the members involved.”

It was reported that the police arrested a 38-year-old staff member of a bank in Kota Kinabalu on June 13 following complaints of the illegal withdrawals.

Ramli said police had received four reports in Petaling Jaya in early June concerning the losses totalling RM24.2 million.

He said the complainants, who comprised account holders and bank staff, reported that multiple suspicious cash withdrawals had been made in Kota Kinabalu involving several savings accounts with the bank.

The investigation is being carried out under Section 420 of the Penal Code, which carries a jail term of up to 10 years, with whipping and a fine, upon conviction.