Terengganu royal family member sues two banks over RM1.99mil loss
Tengku Ismail Tengku Ibrahim, a businessman, is seeking the recovery of the full amount from both banks.
A member of the Terengganu royal family, Tengku Ismail Tengku Ibrahim, has filed a civil lawsuit against two banks for RM1.99 million in losses from his savings accounts. The 65-year-old businessman claims negligence by the banks caused the financial damage. Tengku Ismail, represented by lawyers Alif Danial Ahmad Shahrulnizam and Hazwan Hamidun, seeks full recovery of the lost funds from both institutions.
He alleges scammers exploited the situation, leading to suspicious withdrawals from September to December of the previous year. The businessman, who never used online banking, discovered the missing money in January. Upon visiting bank branches, he found only RM73 and RM99 remaining in his accounts. Tengku Ismail reported the incident to the police on January 15.
He maintains he did not authorize any third party to access his accounts or process transactions. The lawsuit accuses the banks of negligence for activating online banking without his consent and failing to monitor suspicious activities. The claim seeks compensation for emotional distress, legal fees, and other appropriate relief.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Terengganu royal family member sues two banks over RM1.99mil loss freemalaysiatoday.com
