21-05-2025
Ex-banker among five nabbed in RM11.2mil loan fraud probe
SANDAKAN: The Malaysian Anti-Corruption Commission (MACC) has detained five men for allegedly accepting bribes amounting to approximately RM300,000 from a company owner.
One of the suspects is a former officer from a financial institution.
The bribes were allegedly received as an inducement to approve financial loan applications using falsified supporting documents.
MACC in a statement said the suspects, aged between their 20s and 40s, were arrested between 2pm and 7pm today at the MACC office in Sandakan.
Preliminary investigations revealed that the suspects are believed to have been involved in corrupt activities between 2022 and 2024, involving the approval of loans worth a total of RM11.2 million to 39 applicants.
Sabah MACC director Datuk S. Karunanithy said the case will be investigated under Section 16(a)(A) of the MACC Act 2009 for accepting bribes as an inducement to perform acts related to official duties.
He said the arrests were the result of a joint effort between MACC Sabah and the Internal Audit Unit of a local financial institution.
A remand application for all suspects will be filed at the Sandakan Sessions Court tomorrow to facilitate further investigations.
