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PETALING JAYA: Police have arrested five people linked to a syndicate responsible for the RM24.2 million that went missing from several savings accounts in a Sabah bank.

Bukit Aman commercial crime investigation department director Ramli Yoosuf said three more people had been detained following the arrest of a bank officer and the alleged mastermind earlier.

“We are conducting further investigations,” he was quoted as saying in a Kosmo report.

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.