Former Revenue Board Officer Arrested for Million Ringgit Fraud

20 August 2007
Kuala Lumpur

A 44-year-old former Internal Revenue Board (IRB) officer and two others, aged 30 and 45 years, were arrested last Thursday at 11:30am for involvement in a stamp duty scam that has swindled hundreds of millions of ringgit.

The officer was the mastermind behind a syndicate that started since 2004, who misused his knowledge and position to bypass the authorised board stamp duty franking office and creating his own stamp duty franking service. The fake service was used by unsuspecting businesses, especially law firms and financial institutions.

The Federal Commercial Crimes Investigations Department (CCID) has seized documents with the alleged forged stamp duty franking. CCID officers also seized forged rubber stamps and other paraphernalia. Some of the business agreements were made with law firms and financial institutions valued at hundreds of millions of ringgit.

CCID director Comm Datuk Ramli Yusuff said that his officers are working with the IRB to seek out the remaining members of the syndicate and all fraudulent documents.

The Star Online – Ex-IRB officer behind tax fraud held
<URL:http://www.thestar.com.my/news/story.asp?file=/2007/8/20/nation/18637501&sec=nation>

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