KUALA LUMPUR, July 22 — The Penal Code (Amendment) Bill 2024, approved by the Dewan Negara today, will ensure online fraudsters are held accountable under the new legal provisions.
Deputy Minister in the Prime Minister’s Department (Law and Institutional Reform) M. Kulasegaran said the amendments introduce Sections 424, 424(c) and 424(b), which will apply to all including those indirectly implicated in fraudulent activities.
He said although the amendment does not specifically address the restitution of funds to victims, the proposed asset seizure powers under the Criminal Procedure Code amendment will allow the Royal Malaysia Police to prevent the withdrawal or use of funds by fraudsters.
“This measure will help police trace and identify money diverted from victims, thus facilitating the return of funds to those scammed,” he said at the debate on the bill in the Dewan Negara today.
The bill was approved with a majority vote after being debated by 10 senators.
On the Criminal Procedure Code (Amendment) Bill 2024, Kulasegaran said it grants asset seizure powers to police officers with a rank of sergeant or above.
“This amendment will empower police to seize money from both conventional bank accounts and e-wallets,” he said.
— Bernama
