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MACC on heels of RM9m money launderer
Published on: Tuesday, September 20, 2016
Kuala Lumpur: Malaysian Anti-Corruption Commission (MACC) is in the midst of re-arresting a former general manager of a government agency in Sabah suspected involved in a money laundering case involving RM9 million.
Based on a source, this resulted from a follow-up of an investigation in which the suspect was previously investigated after MACC received a public tip-off in 2014.
"MACC discovered there are elements of corruption that led to the money laundering activities involving RM9 million after on-going and detailed investigations had conducted.
"Based on the results of the investigation, the suspect is believed to have approved the payment to an oil palm company believed to be a compensation after the State Government approved the land to a government agency for the purpose of commercial development," said the source.
According to the source, the concerned company owner has submitted an application seeking compensation worth RM9 million covering the cost of the oil palm cultivation and the value of the land owned by the Sabah Government to the suspect (former general manager) when the state-owned oil palm plantation had been worked on without any issuance of approval.
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