MACC arrests pawnbroking executive over fraud

PUTRAJAYA: A former executive of a finance company was arrested by the Malaysian Anti-Corruption Commission (MACC) today for allegedly manipulating documents and using pawned jewellery kept in a safe vault to deceive her employer into approving loans amounting to RM400,000.

Sources said the 30-year-old woman who was in charge of the pawnbroking department and had access to a jewellery storage safe at the company's premises allegedly stole gems that were pawned by customers before handing it over to an accomplice.

It is learnt that she had ordered the accomplice to pawn the gems again with the company to obtain a loan.

The accomplice was told to carry out the transaction with only the suspect who was also in charge of the valuation of pawned items and the approval of the loans.

Between May 2016 and October 2016, the suspect carried out 31 such transactions with the jewellery stolen causing losses to the company.

Today, the woman who was summoned for questioning by the MACC, was arrested when she showed up at the commission's headquarters here.

It is learnt that investigators will seek a remand order on the woman tomorrow.

MACC director of investigations Datuk Simi Abd Ghani confirmed the arrest.