KUALA LUMPUR – A former CEO of a statutory body has been remanded by the Malaysian Anti-Corruption Commission (MACC) over allegations of abuse of power and misappropriation of funds for projects valued at RM1.2 billion.
A source said the man was believed to have committed the offences between 2019 and 2021.
“He allegedly transferred part of the funds received from the Finance Ministry to contractor and consultant companies that are not related to the projects listed in the loan application.”
The man, who is in his 60s, was detained at 8pm last night when he showed up at the MACC headquarters in Putrajaya to give a statement.
MACC obtained a two-day remand order from the Putrajaya magistrate court this morning.
When contacted, MACC’s investigation director Datuk Seri Hishamuddin Hashim confirmed that the former CEO was detained.
Yesterday, MACC detained two senior officers of the statutory body over the same allegations.
The duo, who are in their 50s, will be remanded for four days until May 18. – May 16, 2024