PRESS - Press - General

Agrobank Faces $51.9 million (RM203.8 Million) Loss from Online Fraud Incident Agrobank has suffered losses of RM203.8 million due to online fraud, with the incident reported in November last year. The Ministry of Agriculture and Food Security is deferring the investigation to the Royal Malaysia Police and Bank Negara Malaysia. Home Minister Datuk Seri Saifuddin Nasution Ismail confirmed the losses, revealing that 47 individuals have been arrested, with three charged for using mule accounts. The investigation is ongoing, with assistance from CyberSecurity and BNM, and customer accounts were reportedly not affected by the fraud.