Terengganu royal family member sues banks over RM1.99 million loss

Tengku Ismail Tengku Ibrahim, a 65-year-old member of the Terengganu royal family, has filed a lawsuit against two local banking institutions to recover approximately RM1.99 million in missing savings.

The plaintiff alleges that the funds, totaling RM1,985,065, disappeared from two personal bank accounts through a series of disputed transactions occurring between September and December 2025. The loss was discovered in January 2026 when a bank branch visit revealed account balances of only RM73 and RM99.

Tengku Ismail claims he never used online banking applications nor authorized any third party to activate such facilities or confirm transactions. The lawsuit, filed through the law firm Rafie & Co, accuses the banks of negligence for allowing unauthorized online banking activation and failing to monitor or block suspicious activity. In addition to the recovery of the missing funds, the plaintiff is seeking general damages, legal costs, and interest.