'Tan Sri' arrested in Ponzi-linked money laundering probe taken to office, home
BAYAN LEPAS: The 'Tan Sri' who was detained in Penang on suspicion of being involved in money laundering linked to a Ponzi investment scheme in a neighbouring country was brought to his office in Jalan Mahsuri, Bayan Baru, yesterday.
The 53-year-old suspect was escorted by police in a vehicle and was seen arriving at the premises of his office at 4.20pm.
It is understood that the suspect was brought to the office for the purpose of inspecting the premises and related documents.
The suspect, who was seen wearing an orange lock-up outfit, was later taken out of his office at 6.05pm.
He was also reportedly taken to his home in Gelugor, near here, for a similar purpose, including asset seizure.
Meanwhile, Federal Commercial Crime Investigation Department (CCID) acting director, Datuk Muhammed Hasbullah Ali confirmed that the suspect was taken to both his company and residence to assist in the investigation.
"The investigation is still ongoing and a press conference will be held later regarding this latest arrest and the progress of the Op Northern Star probe," he said when contacted.
It was reported that another individual with the title 'Tan Sri' was arrested by police on suspicion of being involved in money laundering linked to an investment scheme known as MBI.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
3 hours ago
- The Star
Asean News Headlines at 10pm on Wednesday (June 11, 2025)
Malaysia * Vertical schools in housing projects to help reduce transport costs, says PM Anwar * Gerik bus crash: School to prepare report on teacher's offensive remarks on students' deaths, says state govt * Gerik bus crash: Tourism ministry calls for return of regulatory power over sector's transportation * Your vaccine from 2021 is not enough: Expert says Covid-19's threat remains * Companies subject to new SST if they reach RM500,000 revenue threshold within 12 months, says Finance Ministry * Influencer raises alarm over FB group circulating photos of underage students * Sabah woman sues KJ, govt over what she claims is wrongful Covid-19 enforcement * Three people lose over RM80,000 to lucky draw scam * Student who used hot iron on sleeping dorm mates sent to Henry Gurney School * Gerik bus crash: PTPTN loans of 13 UPSI students killed in accident fully settled, says Zambry * Court sets Aug 19 for decision in activist's appeal over challenge to online speech law * Local trio, foreign woman detained for holding three men against their will * Sukuk misuse case: Tan Sri quizzed by MACC for six hours * No electricity surcharge for Sabah, Labuan users until year-end * National Day 2025 to be launched in Johor, Malaysia Day 2025 in Penang * Court postpones decision on Lahad Datu vocational college murder case to July 23 * Four charged in Sabah for alleged role in multi-million ringgit investment scam * Gerik bus crash: Company's permit revoked with immediate effect, says Loke * George Town's heritage status safe, says Penang exco member * Man, 62, nabbed over alleged sexual assault on underage girl in Lahad Datu * 'Still Live' series in KL creates a shared space for sound and sketch * Permanent border wall seen as solution to smuggling in Kelantan, says police chief * Woman swept away by strong currents after car plunges into river found drowned * Sugar, rice and selected imported foods exempt from expanded SST, says Finance Ministry * Malaysia commits to more reforms, solidarity in labour rights agenda, says Steven Sim * Imported fruits hit with 5% tax under new SST rules * Sukuk misuse case: MACC records Tan Sri's statement * Cops find RM4.67mil worth of meth and ketamine in abandoned car in Gerik * Gerik crash: Cops advise bus driver not to make public comments * Preserving historic sites essential for cultural and economic growth, says activist * What are the items you will have to pay extra taxes for from July 1? * Industry concerns over expanded SST Singapore * Man arrested for allegedly shoplifting twice in Singapore's Changi Airport transit area * Passengers reschedule travel plans and seek refunds following Jetstar Asia's abrupt closure * Removal of mandatory minimum sentences for some dangerous driving offences in Singapore to kick in from Thursday (June 12) * Singaporean woman given six months' jail in Taiwan for stalking singer, threatening her online * World acclaimed singer Maher Zain makes long-awaited return to the region with a South-East Asia Tour 2025 * Drug trafficker in Singapore avoids death penalty by 0.01g, sentenced to 31 years' jail * Sacked Mediacorp employee arrested for voyeurism * Second round of Pofma sanctions for owner of The Online Citizen's website, social media accounts * National Trades Union Congress exploring options to match retrenched Jetstar Asia staff to roles at SIA Group: Labour chief * Qantas says Singapore airport fee hikes fuelled Jetstar Asia cut * Jetstar Asia closure: Here's what customers need to know * Jetstar Asia to cease operations from July 31, over 500 employees in Singapore affected Indonesia * Dozens arrested for Indonesian love scam ring targeting American men * Indonesia nears trade deals with EU, Eurasian bloc * Drone drops drugs into Indonesian prison * Businesses grapple with Bali's single-use plastics ban * Alleged laptop procurement graft puts ex-minister Nadiem in spotlight * Suspected fatal bullying cases in Indonesia highlight growing violence issue in schools * Govt revokes mining permits in Raja Ampat after outcry Thailand * Thai Foreign Minister champions bilateral talks with Cambodia * Female Thai police colonel accused of trafficking sedative drugs since 2022 * Thai defence minister unfazed by Cambodia's ICJ plan, says Thailand ready with response measures * Vietnamese 'romance scammers' busted in Thai luxury villa raid * Thai police to suspend female doctor over illegal sedative trafficking * Thailand's former Prime Minister Suchinda Kraprayoon, who cracked down on 1992 protests, dies at 91 Philippines * 'No one can stop' Sara Duterte impeachment trial: Philippine House prosecutors * The rise and fall of Joseph Estrada: From people's champion to disgraced Philippine president * Philippines exits EU 'high-risk' dirty money list * Filipino actor Miko Gallardo opens up about past rape, alleged blackmail * Senators return impeachment case against Sara Duterte to the Philippine House Vietnam * Patients with public health insurance suffer long waits at hospitals * Vietnam talks to Gap, Levi Strauss in battle to head off Trump tariffs * Qualcomm launches AI R&D centre in Vietnam * Vietnamese animation levels up with dual dialect debut Myanmar * UN envoy to Myanmar warns that violence puts country on 'path to self-destruction' * Toxic Thailand rivers pinned on Myanmar mines * Myanmar rebels claim to have shot down a fighter jet being used by military to attack ground targets Cambodia * Climate 'greenwashing' will harm Cambodian workers, suggests new report * Cambodia's economy shows resilience amid global uncertainty: World Bank * Tourism ministry shares details of Cambodia-China Tourism Year events * Cambodia moves forward with ICJ case over border dispute with Thailand * Anti-tank mine blast kills tractor driver in western Cambodia: official * Cambodia-Thailand border talks drag on Laos * Laos records US$56mil trade surplus in April * Chinese firm to undertake Lao agriculture and forestry development project * China Aircraft Corporation requests majority stake in Lao Airlines as govt seeks partnership Brunei * Brunei hosts first national conference for persons with different abilities * From battlefield to brotherhood in Brunei Aseanplus * Trump says China will supply rare earths in 'done' trade deal * Deal 'is done', says Trump, as China and US trade truce gets back on track after London talks * 5.9-magnitude quake rattles Taiwan * HK actor Louis Koo visits Penang for the first time, promises to return in the future: 'I've fallen in love' * Asean nations brace for Trump tariffs with bold stimulus packages * People's Liberation Army officer rescues five people from drowning in Henan, China * Actor Shaun Chen saves more after moving family from Singapore to Johor: 'Upgraded my lifestyle' * Meghalaya honeymoon murder: New bride devised two plans to kill husband, bad weather forced her to shelve 'plan A', switch to 'plan B' * Chinese soldier, famed for striking resemblance to top actress Dilraba, is elite sniper * Hong Kong advocates on why church sex abuse cases take time to surface * Malaysia to pioneer Asean TVET accreditation, says Zahid * Ringgit rebounds as US dollar weakens despite optimism over trade talk * US arrests another Chinese scientist with no permit to send biological material * Rising young talents MUAH! returns with second single titled 'Kajang', a taste of young life in Malaysia and South-East Asia * South Korean military suspends loudspeaker broadcasts against North Korea in border area * Tengku Zafrul to visit Washington on June 18 for tariff talks * Samyang Foods completes plant expansion amid growing demand for Buldak spicy ramyeon * Asean TVET Council must chart a clear path forward, says Zahid * Fuel prices June 12-18: Unchanged across the board * Australian murder suspect denies drying deadly mushrooms * Fans greet K-pop stars Jimin and Jung Kook of BTS upon discharge from military service * Sri Lanka hikes household power tariffs by 15 per cent, power regulator says * Season 3 of 'Squid Game' more intense than ever, director hints at possible spin-offs * Bangladesh issues travel warnings as Covid-19 infections rise in neighbouring countries * China stocks near 3-week high as Sino-US trade truce sparks optimism * AirAsia close to buying at least 100 Airbus jets in shift to A220, sources say * Man carries daughter through 12 years of school to gaokao * Kazakhstan says China's Xi to visit for Central Asian summit * Price wars eroding auto industry profits * MyCert: Malaysia data breaches up 29% in Q1 2025 * Malaysia records approved investments of US$21bil in 1Q * Rare earths: China's trump card in trade war with US * FBM KLCI rises at midday on U.S.-China trade optimism * Harimau Malaya roar with 4-0 win against Vietnam after TMJ pep talk * Comment: Why do the young woo Labubu? * May was world's second-hottest on record, EU scientists say * Pakistan raises defence budget 17% in boost for Chinese weapons suppliers * Asian equities rally after China-US framework on trade * South Korea's new President Lee Jae-myung asks citizens to recommend Cabinet members * Part toy, part fashion: How did Labubu get so popular? * US, China reach deal to ease export curbs, keep tariff truce alive * Najib's RM27mil money laundering trial to proceed, AGC rejects review request * Sony's bet on sports pays off with AI line judges at Wimbledon * Tesla's public robotaxi rides set for tentative June 22 start, CEO Musk says * Malaysia and the UN High Seas Treaty: What's next? * Pentagon chief vows to honor US-Australia sub deal * FBM KLCI rebounds in early trade on U.S.-China trade optimism * Ringgit opens higher against greenback as US-China trade talks resume * Hong Kong actress Crystal Fung denies rift with fellow celeb Louisa Mak * China's Li says US-China reach framework on trade, will report back to leaders * Out of the army and back to ARMY * HK to tighten national security scrutiny of restaurants * Frigate arrives in Australia as Tokyo bids for defence deal * Fire near Jogye temple halted, treasures spared * China extends hand to Korea * Smuggler stopped with spiders, birds and possums * Billionaire to plead guilty * Chong Wei advises injured Ng to seek treatment overseas * Penang's call for mindful tourism * Rexy wants to see Man-Tee become hardy boys * Grab eyes US$1.25bil bond sale for acquisitions * China bans bank from luring depositors with gifts * Banks expect one cut in OPR in 2H25 * Capital A is in the final stages of its PN17 exit plan, says Fernandes
![[UPDATED] MACC records Tan Sri's statement over highway sukuk funds misappropriation](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FMACC-PERSON_290824n01_1749609109.jpg&w=3840&q=100)
![[UPDATED] MACC records Tan Sri's statement over highway sukuk funds misappropriation](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
9 hours ago
- New Straits Times
[UPDATED] MACC records Tan Sri's statement over highway sukuk funds misappropriation
KUALA LUMPUR: Graft busters have recorded a statement from the Tan Sri at the centre of investigations into the alleged misappropriation of sukuk funds for the construction of a highway. Malaysian Anti-Corruption Commission Chief Commissioner Tan Sri Azam Baki said two MACC officers took the statement at the Tan Sri's residence here. Azam said that the entire process took place between 9am and 3pm today, and was expected to resume tomorrow due to the Tan Sri's health condition. "To date, MACC has recorded statements from 51 individuals, including the Tan Sri and his family." According to a source, a raid was also conducted at the Tan Sri's residence at Melaka, but no seizures or confiscations were made. It was reported on June 7 that the Tan Sri had been admitted to hospital for medical treatment. MACC had previously obtained confirmation from his doctor before proceeding with questioning. MACC has so far seized RM143 million in connection with the alleged fund misuse. It was reported earlier that MACC investigators are tracking the Tan Sri's luxury vehicles and properties in Malaysia and abroad, including assets in London and Switzerland. The probe also covers the true value of the luxury alcoholic beverages reportedly in his possession. A notice of asset declaration has been served to the Tan Sri and other related parties. To date, seizures include 14 personal bank accounts totalling RM4.5 million; eight company accounts worth RM33 million; a luxury condominium and a plot of land valued at RM24.5 million; nine vehicles worth RM7.65 million; luxury watches worth RM25 million; designer handbags worth RM3 million; jewellery and diamonds worth RM6 million; four horses worth RM400,000; alcoholic beverages worth RM3 million; overseas assets valued at over RM15 million; and gambling-related activities estimated at RM20 million.
Free Malaysia Today
13 hours ago
- Free Malaysia Today
MACC to continue grilling ‘Tan Sri' in sukuk funds probe
MACC chief commissioner Azam Baki said officers will continue recording a statement from the 'Tan Sri' at 9am tomorrow at his residence in Kuala Lumpur. (Bernama pic) PETALING JAYA : The Malaysian Anti-Corruption Commission today spent six hours recording a statement from a 'Tan Sri' in its investigation into the alleged misappropriation of sukuk funds for the construction of a highway. MACC chief commissioner Azam Baki said today's session lasted from 9am to 3pm, and will resume tomorrow, Bernama reported. He said the statement was recorded at the residence of the 'Tan Sri' in Kuala Lumpur because of health issues. 'So far, MACC has recorded statements from 52 witnesses, including the 'Tan Sri' and his family members. The same process will continue tomorrow,' he was quoted as saying. It was also reported that MACC officers visited the 'Tan Sri's' house in Melaka, but they did not seize anything during the operation. Previously, MACC seized RM32 million worth of assets, including luxury vehicles, watches, handbags, jewellery, cash and a high-end property, believed to be linked to a highway concessionaire with the same title.
