KUALA LUMPUR, March 1 ― Nine individuals and three companies are suing CIMB Bank Berhad and CIMB Islamic Bank Berhad after their current and saving bank accounts were frozen last January on allegation that there were proceeds from illicit or suspicious activities.
After realising that their accounts had been frozen, the plaintiffs claimed that contacted the defendants’ branches for clarification between January 31 and February 4 this year, and was informed that the plaintiffs were suspected to be involved in illicit and suspicious transactions involving the accounts.
“The act by the defendants in freezing or withholding the accounts without any reason stipulated under Clause 7 of the terms and conditions of the savings or current accounts is a breach of contract between the defendants and the plaintiffs.