The Bank Bumiputra Scam

THE BANK BUMIPUTRA SCAM

There was this staff in Bank Bumiputra during the BOOM YEARS of 1990’s who came with this BRIGHT IDEA. He

thought that if he could PROGRAM

CODE on the COMPUTER MILLIONAIRE.

JUST 1 LINE of

and he can become a

The idea was to TAKE just ONE SEN

equivalent of the INDIAN PAISA

which is the

not even a RINGGIT

which is the equivalent of the RUPEE

from every customers BANK ACCOUNT every MONTH.

That too it was from the INTEREST ACCOUNT to take not even from the PRINCIPAL.

he planned

Basically what he figured out was no CUSTOMER checks whether they got 11 SENS of INTEREST or 12 SENS also the CUSTOMER might feel ASHAMED to come and FIGHT for just ONE SEN. He CALCULATED was if you take ONE SEN and say we have 10 Million Accounts then that will be 100000 RINGITT every Month. In 10 Months he could be a Millionaire.

So the PROGRAM ran WELL and as per his CALCULATIONS it went smoothly. This is Dr. Mahathir’s Malaysia there is no SUSPENSE

ACCOUNT LOSS.

only PROFIT and

But it so happened as it always does with MONEY you have a NEED to SPEND. As a Man your first love is not even your WIFE but a CAR.

So he went to the KULA LUMPUR CAR SHOW

That turned out to be his OWN TRAP-

.

His MANAGER

also happened to be there and when

he saw his SUBORDINATE trying to buy a CAR that seems DOUBLE his own ANNUAL SALARY it rang ALARM BELLS in

his MIND

.

He went through all his ACTIVITIES and FIGURED out that his SUBORDINATE had CREATED DUMMY ACCOUNT

he TRANSFERRED the FUNDS

WITHDREW CASH

to which

and from which he

.

SO the FRAUDSTER was CAUGHT

and bought to BOOKS

.

This is TRUE STORY it happened when I was LIVING and STUDYING in MALAYSIA. In fact I was explaining to my ACCA Director Mr. Teo.E.Singh and my Law lecturer Mrs. Sadana Nair STEP by STEP how this SCAM took place. They were IMPRESSED and knew I would be a TOP MANAGEMENT MAN

some day. MORAL of the STORY: The difference between MALAYSIA and INDIA is this. In MALAYSIA not that such SCAMS don’t take PLACE-but if you are CAUGHT you are FINISHED. But in INDIA we justify such CRIMES without any SHAME like what

happens

INSIDE

BANKS like these

ACCEPT ALL BLESSINGS IRRESPECTIVE OF RACE CREED OR COLOR AS LONG AS THE COLOR IS GREEN AS IN THE CASE OF

MONEY…….

THEY WILL ALSO KNOW FOR BELIEVING SUCH LEVANTINE

PROVERBS WHERE SUCH PEOPLE END UP

IN LIFE

.