{
  "id": 5098918,
  "title": "Bank manager jailed 7 years, fined RM40mil for fraud, money laundering",
  "url": "https://urgent.news/2026/09/02/bank-manager-jailed-7-years-fined-rm40mil-for-fraud-money-laundering",
  "topic": "world",
  "section": "World",
  "published": "2026-09-02T13:49:34.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/nation/2026/09/02/bank-manager-jailed-7-years-fined-rm40mil-for-fraud-money-laundering"
  },
  "original_language": "en",
  "account": "Kuching sessions court judge Iris Awen Jon sentenced Kho Yung Kang, a 39-year-old relationship manager at an international bank, to seven years in prison, RM40 million fine, and 24 strokes of the cane. Kho pleaded guilty to 16 fraud charges and 8 money laundering charges under specific laws. The fraud involved defrauding eight senior citizens of RM1.58 million through a fictitious bond investment scheme. Kho's modus operandi was to obtain customers' signatures and biometric verification for investment schemes, but then transfer the funds to third-party accounts without their knowledge or consent. He also committed money laundering at the bank between September 2022 and February 2024. Kho was ordered to serve his sentences concurrently, with the fine unpaid.",
  "summary": "Kho Yung Kang pleads guilty to defrauding eight senior citizens of RM1.58 million through a non-existent bond investment scheme and committing money laundering at the bank where he worked.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "New Straits Times",
        "title": "Bank manager fined RM40mil, jailed 7 years for fraud, money laundering",
        "url": "https://urgent.news/2026/09/02/bank-manager-fined-rm40mil-jailed-7-years-for-fraud-money-laundering",
        "published": "2026-09-02T12:23:51.000Z"
      },
      {
        "outlet": "The Indian Express",
        "title": "CBI chargesheets 5 Haryana IAS officers in Rs 504-cr IDFC First Bank fraud case",
        "url": "https://urgent.news/2026/09/02/cbi-chargesheets-5-haryana-ias-officers-in-rs-504-cr-idfc-first-bank",
        "published": "2026-09-02T12:54:39.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Bank manager jailed 7 years, fined RM40mil for fraud, money laundering",
        "url": "https://urgent.news/2026/09/02/bank-manager-jailed-7-years-fined-rm40mil-for-fraud-money-laundering-5098998",
        "published": "2026-09-02T13:49:34.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}