a day ago
- Business
- Free Malaysia Today
Company director nabbed for allegedly laundering RM75mil
A source from the Malaysian Anti-Corruption Commission said the suspect, in his 50s, was arrested yesterday evening.
PETALING JAYA : The Malaysian Anti-Corruption Commission has nabbed a company director with the title 'Datuk Wira' for allegedly laundering approximately RM75 million.
A source from the MACC said that the male suspect, in his 50s, was arrested around 4pm yesterday while giving a statement at the anti-graft agency's headquarters in Putrajaya.
'Preliminary investigations suggest that RM75 million was channelled into a company owned by the suspect,' the source said.
The source also said the offence is believed to have occurred in 2012 and is linked to a RM400 million loan for a fibre network development project.
The MACC had launched a special operation codenamed Op Fibre on June 30.
As part of the operation, the anti-graft agency raided four separate locations, including the suspect's residence and office in Selangor and Kuala Lumpur.
The MACC also froze 12 bank accounts, including personal and corporate accounts, with a combined value of approximately RM400,000.
The MACC's special operations division senior director, Zamri Zainul Abidin, confirmed the arrest and said that the case is being investigated under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
Magistrate Irza Zulaikha Rohanuddin has granted a four-day remand order against the suspect, effective until July 6.
