Latest news with #MalaysianParliament
Borneo Post
20-05-2025
- Borneo Post
Man arrested for unauthorised RM100,000 transfer from family members' accounts in Tuaran
Noraidin TUARAN (May 20): A man was arrested by the Tuaran District Police Commercial Crime Investigation Division when he was found involved in an unauthorised financial transaction involving two of his family members. Tuaran District Police Chief Superintendent Noraidin Ag Maidin said the suspect, a 34-year-old local, was arrested around 6.30pm on May 16 following a complaint from the victims. 'Investigations found that on November 20, 2024, the suspect transferred RM100,000 from his in-law's bank account into his mother's bank account without their knowledge or consent. 'The suspect then withdrew the money using his mother's ATM card which was in his possession without his mother's consent,' said Noraidin. The suspect was charged at the Kota Kinabalu Sessions Court under Section 424C(2) of the Penal Code, for unlawful use of another person's payment instrument or account at a financial institution. The sentence carries a jail term of not less than three years and not exceeding 10 years or a fine of not less than ten thousand ringgit but not exceeding one million ringgit, or both. Noraidin said the suspect is the first individual in Sabah to be charged under this section after it was introduced through an amendment Act 574 and approved by the Malaysian Parliament in July 2024, and came into effect on October 30, 2024. 'Section 424C(2) provides for punishment for individuals involved in transactions using payment instruments or accounts belonging to others at financial institutions without permission. This measure was taken in response to the increase in cases of online fraud and misuse of bank accounts, including cases of mule account holders. 'Police view such cases seriously including any form of misuse of accounts and financial payment instruments, whether involving outside parties or family members. 'Offences such as this are not only illegal, but also undermine trust in family and financial institutions,' he said. Noraidin advised the public to keep their bank information and bank cards safe and never allow third parties to access their bank accounts, including family members or close friends. 'File a police report immediately if there is suspicious or unauthorized transaction for further action,' he said.
New Straits Times
05-05-2025
- Business
- New Straits Times
Govt to outline measures on US reciprocal tariffs in Parliament today
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim is scheduled to explain the government's plans and measures to address the reciprocal tariffs imposed by the United States at the special Parliament session today. According to the Order Paper published on the Parliament website, Anwar, who is also the Finance Minister, will address the matter at the special meeting at 11am. "The prime minister will provide an explanation on the US move to impose reciprocal tariffs on all imports and its implications for the Malaysian economy," it said. Anwar will also outline the government's response across various ministries and sectors, as well as the coordination of short- and medium-term solutions, including a review of existing policies for certain industries. The prime minister will also address the country's long-term economic plans to mitigate the impact of the international trade war and ensure the resilience of the Malaysian economy. After the prime minister's session, members of Parliament will have the opportunity to seek clarification and offer their views, after which the relevant ministers will respond to the matters raised. On April 24, the Malaysian Parliament said that the special sitting was convened at the request of the prime minister. It was held in accordance with Standing Order 11(3) of the Dewan Rakyat Standing Orders to allow pressing issues deemed beneficial to the people. The ministerial briefing under Standing Order 14(1)(i) will cover the US action to impose reciprocal tariffs on all imports of the country, its impact on Malaysia, and the government's coordinated measures. On April 9, the US administration announced a 90-day pause on tariffs for most countries, while maintaining the 10 per cent base tariff. The decision was made to facilitate negotiations with over 75 countries, including Malaysia, which had voiced concern over the sudden imposition of the tariffs. –BERNAMA Keywords: News Economy Pm Nst Anwar Ibrahim Dewan Rakyat Special Parliament Session Malaysia News Us Tariff Related Articles Economy 13 minutes ago Govt to outline measures on US reciprocal tariffs in parliament today Nation Apr 27, 2025 @ 8:36am Anwar: May 5 Parliament session to discuss government measures on US tariffs Nation Apr 23, 2025 @ 3:00am Opposition MP backs special sitting to tackle US tariff fallout Nation Apr 24, 2025 @ 3:04am Cabinet to outline Malaysia's strategy on US tariffs in Dewan Rakyat special sitting
