MACC nabs two senior officers over RM1.2 bil project fund fraud

Source says Finance Ministry's loan allocation for development projects was allegedly transferred to unrelated contractor, consultant companies

5:31 PM MYT

 

KUALA LUMPUR – Two senior officers of a statutory body have been detained 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 funds were a loan allocation from the Finance Ministry for development projects.

The duo, who are in their 50s, will be remanded for four days until May 18 after the order was issued by Putrajaya magistrate Irza Zulaikha Rohanuddin this morning.

The source added that the offenders 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.

Meanwhile, MACC’s investigation director, Datuk Seri Hishamuddin Hashim, confirmed that the two suspects have been detained.

He added that the case is being investigated under Section 23 of the MACC Act 2009 for abuse of power to enrich themselves, family members or associates. – May 15, 2024

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