Kuching banker gets seven years’ jail, 16 lashes after draining client accounts via DuitNow

A Sessions Court in Kuching sentenced Kho Yung Kang, a 39-year-old relationship manager at an international bank, to seven years in jail, a RM40 million fine, and 16 strokes of the cane after he pled guilty to multiple counts of fraud and money laundering.

Kho defrauded eight senior citizens of RM1.58 million via a fictitious bond investment scheme and laundered money at his workplace.

His actions involved misappropriating customers' funds into third-party accounts for personal use, exploiting their trust in his advisory role.

The case was prosecuted by Deputy Public Prosecutors Chuah Kai Sheng and Maryam Jamielah Ab Manaff.

KUCHING, Sept 3 — A relationship manager with an international bank was yesterday sentenced to seven years’ jail, fined RM40 million and ordered to receive 16 strokes of the cane by the Sessions Court here after pleading guilty to fraud and money laundering charges.

Judge Iris Awen Jon sentenced Kho Yung Kang, 39, after he pleaded guilty to 16 counts of fraud under Section 420 of the Penal Code and eight counts under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA).

Kho pleaded guilty to defrauding eight senior citizens aged between 60 and 75 of RM1.58 million through a non-existent bond investment scheme, as well as committing money laundering at the bank where he worked between Sept 2022 and Feb 2024.

For each of the 16 cheating charges, Kho was sentenced to between three and four years’ jail and one stroke of the cane, with the jail terms to run concurrently from the date of his remand on May 23, 2025.

For each of the eight money laundering charges, he was sentenced to three years’ jail, with the terms to run concurrently from today, fined RM5 million or four months’ jail in default.

This brings the total sentence to seven years’ jail, a RM40 million fine and 16 strokes of the cane.

Kho failed to pay the fine.

According to the facts of the case, Kho was responsible for assisting customers with investments, including unit trusts, bonds and fixed deposits, as well as local and foreign remittances.

His modus operandi was to offer customers of the bank where he worked an investment scheme promising higher returns.

Based on the representation, Kho obtained the customers’ signatures and biometric verification, but the funds were not used for investment purposes.

Instead, the money was transferred from the customers’ accounts to third-party accounts via DuitNow, interbank transfers or Cashier’s Orders without their knowledge or consent, for Kho’s personal use.

Deputy Public Prosecutors Chuah Kai Sheng and Maryam Jamielah Ab Manaff appeared for the prosecution, while Kho was unrepresented. — Bernama

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古晋地方法庭判处国际银行39岁的客户经理许永康七年监禁、罚款4000万令吉，并处以16下鞭刑。此前，许永康承认犯有多项欺诈和洗钱罪。

Kho 通过虚假的债券投资计划诈骗了 8 名老年人 158 万令吉，并在其工作场所洗钱。

他的行为包括挪用客户资金到第三方账户供个人使用，利用客户对他作为顾问的信任。

本案由副检察官蔡凯生和玛丽亚姆·贾米拉·阿布·马纳夫提起公诉。

古晋，9月3日讯——一名国际银行的客户经理昨日被古晋地方法庭判处七年监禁，罚款4000万令吉，并被勒令鞭笞16下，此前他承认犯有欺诈和洗钱罪。

法官 Iris Awen Jon 对 39 岁的 Kho Yung Kang 判处了刑罚，此前他承认犯有《刑法》第 420 条规定的 16 项欺诈罪和 2001 年《反洗钱、反恐怖主义融资和非法活动收益法》（AMLA）第 4(1)(b) 条规定的 8 项罪名。

Kho承认通过一项不存在的债券投资计划诈骗8名年龄在60至75岁之间的老年人共计158万令吉，并在2022年9月至2024年2月期间在他工作的银行犯有洗钱罪。

对于 16 项欺诈指控，Kho 每一项都被判处三至四年监禁和一次鞭刑，刑期从 2025 年 5 月 23 日还押之日起同时执行。

他因八项洗钱指控中的每一项都被判处三年监禁，刑期从今天起同时执行，并被处以 500 万令吉罚款或四个月监禁（如不缴纳罚款）。

这使得他的总刑期达到七年监禁、4000万令吉罚款和16下鞭刑。

Kho未能缴纳罚款。

根据案件事实，Kho 负责协助客户进行投资，包括单位信托、债券和定期存款，以及本地和外汇汇款。

他的惯用伎俩是向他所在银行的客户推销一种承诺高回报的投资计划。

根据陈述，Kho 获得了客户的签名和生物识别验证，但这些资金并未用于投资目的。

相反，这些钱在客户不知情或未经其同意的情况下，通过 DuitNow、银行间转账或银行本票从客户的账户转移到第三方账户，供 Kho 个人使用。

副检察官蔡凯生和玛丽亚姆·贾米拉·阿布·马纳夫代表控方出庭，而被告许某没有律师代表。——马新社

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