Latest: Corruption and Money Laundering.

MACC nets another big fish.

Posted on 10 November 2016 - 09:54pm
Last updated on 11 November 2016 - 12:16pm

Charles Ramendran
newsdesk@thesundaily.com

MACC - 

KUALA LUMPUR: The managing director of a government-linked company (GLC) was arrested today by the Malaysian Anti-Corruption Commission (MACC) for alleged power abuse and taking bribes involving tens of millions of ringgit from businessmen he had awarded building contracts to.

The 56-year-old suspect was arrested by a MACC team at his house in Seremban at 9.35am today.

The team seized RM30,000, two cars namely an Audi TT, and a Toyota Hilux, and a Harley-Davidson luxury motorcycle during the raid.

Sources said the MACC also froze RM2.5 million in several bank accounts belonging to the suspect, his wife and children which is believed to be ill-gotten.

The suspect and his family members also own nine houses in Putrajaya, Cyberjaya and Negri Sembilan — all of which were paid in cash.

Investigators also learnt that the man had dismissed about 20 of his subordinates who had declined to be in cahoots with his crooked ways since he assumed the post of managing director of the GLC in 2010.

"We are still investigating the exact amount of bribes he received over the years. We will seek a remand order on the suspect tomorrow," said the source.

MACC deputy chief commissioner Datuk Azam Baki who confirmed the arrest of the GLC official, said several others in high positions who had committed similar offences are also expected to be detained in connection with the case.

"The suspect had abused his powers for his own gains and ruined the careers and earnings of others too. It is despicable when one practises corruption to the extent of sidelining those who are trying to make an honest living," he said.

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