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Former chief executive officer held in probe over RM1.2 bln Finance Ministry funds

16 May 2024, 1:31 PM
Former chief executive officer held in probe over RM1.2 bln Finance Ministry funds

KUALA LUMPUR, May 16 — The Malaysian Anti-Corruption Commission (MACC) detained the former chief executive officer of a statutory body yesterday on suspicion of abusing power and misappropriating funds allocated by the Finance Ministry (MOF) for a RM1.2 billion development project.

According to a source, the suspect, in his 60s, was detained at 8pm when he arrived at the MACC headquarters in Putrajaya to give his statement.

“Following the arrest, the suspect was brought to the Putrajaya Magistrate’s Court this morning and would be remanded for two days until tomorrow (May 17),” the source told Bernama today.

The suspect is believed to have misused government funds by transferring part of the loan received from the MOF to contractors and consultant companies unrelated to the development cost, as stated in the government loan allocation application. The act is believed to have been committed between 2019 and 2021.

Meanwhile, when contacted, MACC senior director of investigations Datuk Seri Hishamuddin Hashim confirmed the arrest, and said the case is being investigated under Section 23 of the MACC Act 2009.

Yesterday, the MACC remanded two senior officers of a statutory body in connection with the same case.

— Bernama

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