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Free Malaysia Today
2 days 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.
The Sun
3 days ago
- Business
- The Sun
Company director detained for RM75m money laundering in fibre project
PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) has secured a four-day remand order against a company director with the title 'Datuk' for suspected money laundering involving RM75 million. The case is tied to a fibre network development project. Magistrate Irza Zulaikha Rohanuddin granted the remand until July 6 following the suspect's arrest at the MACC headquarters yesterday. The man, in his 50s, is accused of channelling funds from a RM400 million loan to his own company in 2012. A MACC source revealed that the arrest followed Op Fibre, a special operation conducted on June 30. Raids at four locations in Selangor and Kuala Lumpur led to the freezing of 12 bank accounts worth RM400,000. Senior Director Datuk Mohamad Zamri Zainul Abidin confirmed the case is being probed under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
Malay Mail
3 days ago
- Business
- Malay Mail
Datuk remanded over suspected RM75m money laundering linked to fibre network project
PUTRAJAYA, July 3 — The Malaysian Anti-Corruption Commission (MACC) has obtained an order to remand a company director with the title 'Datuk' for investigation into alleged involvement in money laundering activities amounting to about RM75 million involving a fibre network development project. The four-day remand order until July 6 against the suspect, who is in his 50s, was issued by Magistrate Irza Zulaikha Rohanuddin at the Magistrate's Court here today. According to a MACC source, the man is believed to have committed the offence in 2012 for approval of a loan financing amounting to RM400 million. 'Initial investigations found that RM75 million was channelled to a company owned by the suspect. He was arrested at about 4 pm yesterday at the MACC Headquarters,' he said. The source said the arrest was a follow-up to Op Fibre conducted by the MACC Special Operations Division (BOK) on June 30. 'BOK raided four different locations, including the suspect's residence and office in Selangor and Kuala Lumpur. 'Through the operation conducted, MACC froze 12 bank accounts, including personal and company accounts, with a total value of about RM400,000,' he said. MACC Special Operations Division Senior Director Datuk Mohamad Zamri Zainul Abidin confirmed the arrests and that the case is being investigated under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001). — Bernama
