Latest news with #RM11.3mil
The Star
23-05-2025
- The Star
Two more ex-bank officers remanded over RM11.3mil loan fraud probe
SANDAKAN: Two former bank officers have been remanded for seven days to in the case involving RM11.3mil in loans using falsified documents. Magistrate Siti Aisyah Umar Baki granted the remand order until May 29 following an application by the Malaysian Anti-Corruption Commission (MACC) here on Friday (May 23). The two are the latest to be detained in connection with the case. On Thursday (May 223), five men, including four bank officers, were remanded for seven days until May 28. All suspects are believed to have conspired to solicit and receive RM300,000 in bribes from a company owner for approving 39 loan applications using forged documents. Sabah MACC director Datuk S. Karunanithy confirmed the arrests, adding that the case is being investigated under Section 16(a)(A) of the MACC Act 2009. – Bernama
The Star
22-05-2025
- Politics
- The Star
Asean News Headlines at 10pm on Thursday (May 22, 2025)
Malaysia * Govt reviewing proposal to extend retirement age to 65, says Anwar * PKR polls: Members will keep party 'fresh' no matter the result, says Rafizi * No matter what happens, Rafizi will always be my friend, says Nurul Izzah * No further action on Teoh Beng Hock's death, says AG's Chambers * International cooperation needed for GLC investment probe, says MACC * National language important for country's development, says Anwar * PKR issues warning to Rafizi for listing preferred candidates * Housing Ministry submits MyKiosk documents to MACC * MACC in process of seizing late Daim's assets worth billions * Defence Ministry inks strategic arrangements worth RM11bil at Lima '25 * Navy buys US unmanned surface vehicle to boost maritime defence * Investigation into Pamela Ling's disappearance a police matter, says MACC * MACC to record statement from Ismail Sabri's former son-in-law * Arrest warrant issued against woman over fake post on royalty * Four bank officers among five held over RM11.3mil loan fraud * MACC to scrutinise report and documents submitted on MyKiosk 2.0 project * Housewife loses hundreds of thousands in online investment scam * FRU Crash: Four personnel in stable condition * Perhilitan expects elephant sanctuary in Gerik to be operational by 2030 * Police detain woman linked to acid attack in Bachok Singapore * News Analysis - Singapore's new crop of office-holders largest since 2001, reshuffle provides for minority succession in Cabinet * Jail for man in Singapore who used bogus wine investment scheme to pocket S$12.67mil of investors' funds * China woman in Singapore who duped firm into delivering metal sheets worth nearly S$7mil gets 9½ years' jail * Six men in Singapore to be charged over child sexual exploitation offences, including commercial sex with a minor * Man in Singapore who sexually assaulted stepdaughter despite wife's warning gets jail, caning * Beijing slams video posted by US embassy in Singapore about South China Sea * Missing for two years, wife of former Singapore basketball coach confirmed dead in Japan * Making stylish 'cat cottages' a labour of love for Singapore woman * Singapore keeps 2025 growth forecast at 0% to 2%, though outlook 'improved slightly' from trade truces * No sharp turns in Singapore PM's first post-election Cabinet, but leadership shifts afoot: Analysts * Lady Gaga spices things up at food centre * Wong sticks with 'experienced hands' Indonesia * Clashes erupt during tuition fee protest at Papua university in Indonesia * Convicted Indonesian military general set to get key finance ministry post * Police arrest six members of viral incest-promoting Facebook group * Indonesia set for more rate cuts on growth view: Analysts Thailand * Thai ex-PM Yingluck ordered to pay US$305mil in damages over rice scheme * Yingluck's lawyers push for retrial in rice pledging case fight * Yingluck speaks out after court orders over US$305mil compensation * Malaysia and Thailand to enhance power grid interconnection facilities * Rescue efforts delayed by underground structures at Bangkok metro site * Thai govt drives 'Diwali 2025' festival to boost Indian tourism in Thailand * Three arrested in Thailand for allegedly swindling tourists with fake hotel bookings * Rock star jailed on gun, drug charges * Top city for tourist fraud Philippines * Philippines says China Coast Guard fired water cannon, 'sideswiped' govt vessel * Philippine Senate invites House prosecutors to Sara Duterte impeachment trial * Philippines' Marcos asks cabinet secretaries to resign in government reset Vietnam * Vietnam's poultry industry faces major challenges amid weak value chain linkages * Vietnam boosts rice trade through 2030 with new measures * Eric Trump attends groundbreaking event for US$1.5bil Vietnam resort * Beauty queen arrested for fibre gummy fraud Myanmar * Myanmar ex-general slain in attack claimed by anti-coup fighters * 'I saw a ship dropping many people into the sea': India accused of returning Rohingya refugees to Myanmar Cambodia * Belt and Road Initiative-backed industrial zone in Cambodia celebrates entry of over 200 enterprises * Cambodia's first helicopter relocation of endangered banteng deemed a success * Cambodia, Indonesia strengthen joint efforts to fight transnational crime Laos * Laos moves to raise vaccine awareness, boost immunisation coverage * Asean-Korea Centre boosts trade ties in Laos and Thailand Brunei * Stronger commitment urged to elevate Malay, Indonesian languages in Brunei * Brunei's economic outlook remains stable: Research house Aseanplus * Chinese Premier Li Qiang to attend Asean-GCC Summit in Malaysia * Man stabs three police officers in South Korea: Yonhap * Two Japanese soldiers confirmed killed in training plane crash * Bangladesh's interim government 'undermining' freedoms: rights group * Taiwanese singer Jeffrey Kung marries Malaysian girlfriend, to hold wedding in Putrajaya * India, Pakistan expel High Commission officials * 19 trapped in southwest China landslides * No booze, no bouquets: China tightens frugal code for officials * Malaysia welcomes joint statement calling for resumption of humanitarian aid in Gaza * HK actor Ai Wai says wife has died at 61, over a week after plea for liver donor * Japan taxi driver suspected of raping 50 women: Reports * Stain of martial law bid deters use of South Korea Yoon's office * Pro-skateboarder from China seriously hurt after stunt goes awry * Chow aims for Penang govt to have RM1bil reserves by end of his term * Massive floods strand over 50,000 in eastern Australia * Pakistan will not get water over which India has rights, India PM Modi says * Computex 2025: Five takeaways from Asia's biggest AI tech show * China's 'vegetable capital' to test farming know-how in UAE's harsh deserts * New deal with Asean to lift free trade * China bride goes viral for angelic beauty, hails from family renowned for stunning looks * Chinese drone maker EHang sees flying taxis take off by 2030 on the mainland * AirAsia formalises RM99.5mil charter service contract with Malaysian armed forces * Malaysia will continue to support regional digital development, AI, says Anwar * Did China just take the lead in race for space-based AI computing dominance? * China and Pakistan reaffirm ironclad ties in FM Dar's first trip after conflict with India * Japan's Ishiba calls for closer weapons development with allies * 'Thrift is honourable': Chinese officials made to economise for the economy * North Korea fires multiple cruise missiles, South Korea says * Asean Summit 2025: PLUS advises highway users to plan ahead due to road closures * Asian equities track Wall St sell-off as US deficit fears grow * Bursa investors await fresh leads as corporate results underway, US debt discussions weigh * North Korean leader Kim Jong Un condemns warship accident as 'criminal' * Barbie Hsu's ex, 44, holds wedding celebration with new wife, 26 – guests receive Bulgari gifts, porcelain keepsakes * Ringgit opens firmer against US$ on weaker US economic data * Three dead in Australia after torrential rain ravages rural towns * US$500mil for WHO over the next five years
The Star
22-05-2025
- The Star
Four bank officers among five held over RM11.3mil loan fraud
SANDAKAN: Five men, including four bank officers, have been remanded for seven days until next Wednesday (May 28) to assist in investigations into the approval of loans amounting to RM11.3mil using forged documents, between 2022 and 2024. The remand order for all five men, aged between 30 and 50, was granted by magistrate Siti Aisyah Umar Baki, following an application by the Malaysian Anti-Corruption Commission (MACC). According to sources, all the suspects are believed to have conspired to solicit and accept bribes, totalling RM300,000, from company owners, as inducements to approve 39 financial loan applications, using forged supporting documents. All suspects were detained between 2pm and 7pm on Wednesday, when they appeared to give statements at the Sandakan MACC office. Meanwhile, Sabah MACC director Datuk S Karunanithy, when contacted, confirmed the arrests and that the case is being investigated under Section 16(a(A) of the MACC Act 2009. - Bernama
The Star
21-05-2025
- Politics
- The Star
Asean News Headlines at 10pm on Wednesday (May 21, 2025)
Malaysia * No Cabinet reshuffle after PKR polls, but won't stop anyone from their 'ambitions', says PM * Former bank officer among five nabbed by MACC over graft involving RM11.3mil loan * Penang confirms third bridge being considered as alternative to undersea tunnel * Nga's flippant 'tea' invite to MACC chief demeans national institutions * Sabah needs steady hands at the helm, not those that grab for power, says GRS leader * JPJ introduces new driving licence card with enhanced security features * First day of road closure dry-run goes smoothly, says KL traffic cops * Rafizi shares list of aligned candidates ahead of PKR polls * Three suspects in Bachok acid attack identified through CCTV footage * Allow workers affected by road closures to WFH, Fahmi urges private sector * 300,000 hit by unscheduled water cut in JB * Appeals court acquits man of drug trafficking charge, possession conviction upheld * Villagers told not to let livestock roam freely after tiger attack on cows in Gerik * PETRONAS, Petros to work hand-in-hand to elevate O&G industry, says Anwar * Penang's tuna landing industry surged sharply last year, says exco man * Negri govt to decide on vape ban soon * Tengku Zafrul: Miti to unveil new incentives to boost Malaysia's semiconductor industry * Beware of wildlife when driving on East-West Highway at night, Perhilitan warns * Clerk loses nearly RM650,000 to investment scam * Dr Ravigadevi becomes first Malaysian elected to Royal Society * Family questions MACC's early summons of Pamela Ling Yueh * MASwings buy to be completed end-2025, says Sarawak Deputy Transport Minister * Warisan confirms solo contest in Sabah state election * Rafizi doubts retaining PKR deputy president post Singapore * Ex-cop in Singapore who was on the run for nearly 17 years admits obtaining S$47,700 in bribes * 500 Yale-NUS books in Singapore disposed of, remaining 8,500 to be given away at book fairs * Five key takeaways from Singapore PM Lawrence Wong's Cabinet reshuffle * Singapore PM sticks with 'experienced hands' in cabinet reshuffle * 'It's devastating': Otters in Singapore eat Bright Hill resident's koi valued at under S$10,000 * American pop star Lady Gaga spices things up at Singapore's Maxwell Food Centre * NUS apologises for 'operational lapse' in disposal of Yale-NUS library books, promises review * Special grant formula among top priorities in MA63 talks, S'wak assembly told * MCA Youth reports MyKiosk 2.0 project to MACC * MEF urges careful rollout of WFH during Asean Summit * Malaysia to boost maritime security with advanced surveillance tech * Seven-year-old girl dies after falling from Puchong condo * SQ321 incident: One year on, passengers recall how extreme turbulence upended their lives * 30 rescued after boat capsized Indonesia * Reform era draws to a close in Indonesia * Indonesia central bank cuts rates, as expected * House speaker Puan warns Indonesian govt against whitewashing history Thailand * Thai gemstone exports face uncertainty amid US tariff hike, risk losing ground to Vietnam and Sri Lanka * Man releases snakes in Bangkok condo to protest against neighbour's noisy dog * Strong 6.5 magnitude quake strikes Papua New Guinea; small tremors detected in Thailand and Myanmar * Bangkok named a top city for tourist scams, Mastercard report reveals Philippines * Filipino mayor and wife arrested for killing of vice-mayor * Filipino green card holder detained at Seattle airport after Philippine vacation * Filipino reality TV star Lady Gagita meets Lady Gaga at singer's Singapore concert * Philippines, US hold joint maritime drills in South China Sea Vietnam * Vietnam jails 23 people over rare earths exploitation * Former Vietnamese president Tran Duc Luong passes away * Vietnam approves new airline Sun PhuQuoc Airways * Hanoi honoured as top cultural and artistic destination in Asia * Vietnam minister meets Lockheed Martin, SpaceX on US visit for tariff talks * Dozens of deals on the table as Macron visits next week * 'Prepare for surge of Covid-19' Myanmar * Asean to dedicate two meetings to Myanmar conflict next week, chief says * Myanmar deports 31 foreign nationals involved in telecom fraud and online crimes Cambodia * Cambodia Environment Minister to polluters: 'I have a sword, I will strike, with no exceptions' * Cambodia calls for deeper Asean unity to tackle natural disasters * Remembering Khmer Rouge atrocities Laos * No treasures found yet in search for buried Buddha statues in Bokeo, Laos * New Lao-Thai Mekong bridge to open soon, promising economic lift for region Brunei * University in Brunei marks World Book Day * Young Brunei royals part of musical production inspired by magical world of Harry Potter Aseanplus * KL Declaration will set tone for Asean's future in governance, digital transformation, says PM * Malaysia wants to lead Asean in becoming cohesive, values-driven force, says PM * Japan PM sacks Agriculture Minister Taku Eto over rice gaffe, Shinjiro Koizumi named ahead of key polls * Tokyo to waive basic water bills to combat extreme heat * Indian professor who was jailed for comments on women military officer is released on bail * UK pledges over US$5mil in aid to Gaza * Indian Congress leader Rahul Gandhi joins Tamil Nadu CM Stalin to condemn Centre of 'misusing' Governors to 'stifle' elected governments * Clock is ticking, but demographic crisis gets drowned out in South Korean presidential race * Boxing-'I'm back': Pacquiao coming out of retirement to face Barrios in title fight * WHO supports Malaysia's Asean chairmanship, says Dzulkefly * Chinese actress Zhu Yuanyuan dies of cancer at 51, just 16 days after wrapping final drama * Soccer-Euro 2028 co-hosts must qualify but with safety net * China's youth unemployment rate falls ahead of crunch graduation season * Motor racing-McLaren ready to regain momentum in Monaco * 'Despicable' Chinese shop owner adopts stray dogs only to kill, cook and eat them * Eleanor Lee's former assistant admits to doctoring audio recording that landed Singaporean actress in trouble * Indian professor who was jailed for comments on women military officer is released on bail * Pope Leo calls for 'sufficient humanitarian aid' into Gaza * Ringgit ends higher against greenback on concerns over US fiscal health * India's lion population rises by a third * Local government in Japan mulls whether to charge for cost of Mt Fuji helicopter rescues * Beloved strongman: Support for Pakistan army chief surges after India conflict * Police run security simulation as 46th Asean Summit begins May 23 * Alibaba and DeepSeek's home province launches AI spending spree to become innovation hub * MAHB ready to welcome delegations for 46th Asean Summit * Marriage registration in China becomes easier, more romantic than ever * China, ASEAN complete negotiations on upgraded free trade deal * Chinese smartphone exports to US plunge to lowest since 2011 * Malaysian gem Mirabel is first Asian to win golf's prestigious Annika award * Four children killed over 30 injured in school bus bomb attack in SW Pakistan: Officials * Flood victims stranded on roofs as downpours lash eastern Australia * Korean children starting day care earlier, staying longer: Survey * Quick rescue saves 30 Indonesians after boat capsizes in Malaysian waters * Suicide bomber kills five on school bus in Pakistan's Balochistan * South Koreans in Malaysia cast early votes ahead of June 3 poll * Japan's JIC says JSR's weak financials do not affect chipmaking consolidation goal * Timor-Leste: A young nation forged in resilience celebrates its independence * Oil prices jump on report of Israel prepping Iran strike * South Korea vote: Who will run Asia's fourth largest economy? * Flash floods cut off inland Australian towns, residents flee to rooftops * Asian stocks edge up as US trade deals, fiscal health in focus * Japan agriculture minister resigns over free rice gaffe * China slams US 'bullying' over new chip warnings * Border control agency probing four officers for 'counter setting' at KLIA * Unlicensed doctor among six foreigners nabbed in Klang Valley Immigration raids * Mild bounce on Bursa Malaysia amid subdued trading * Cheated by ex-husband who embezzled her assets, divorced actress becomes taxi driver to raise daughter * Japan's 7-Eleven trials autonomous delivery robots * Ringgit opens higher against greenback on weaker US economic outlook, tariff concerns * 11 'Pakistan spies' nabbed * PM slams minister's free rice claim * Three killed, 12 hurt after car hits group outside school * Police seek journalist arrest over martial law 'fake report' * Drone strike kills four kids * EU proposes allowing deportation of asylum seekers to third countries
The Star
21-05-2025
- Business
- The Star
Former bank officer among five nabbed by MACC over graft involving RM11.3mil loan
SANDAKAN: Five men, including a former bank officer, have been arrested by the Malaysian Anti-Corruption Commission (MACC) in Sabah on suspicion of receiving bribes amounting to approximately RM300,000 as an incentive to approve financial loans totaling RM11.3mil, Sinar Harian reports. The Malay language daily reported that all the suspects, aged from their 20s to 40s, were arrested while giving statements at the MACC office in Sandakan between 2pm and 7pm Wednesday (May 21). They are believed to have received bribes from the owner of a company as a reward for approving financial loan applications accompanied by fraudulent supporting documents. Preliminary investigations revealed that all the suspects have been involved in this corrupt activity from 2022 to 2024, which involved approving loans totaling RM11.2mil to 39 applicants. Sabah MACC director Datuk S. Karunanithy, confirmed the arrest of the five suspects. 'The case is being investigated under Section 16(a)(A) of the MACC Act 2009 for receiving bribes as an inducement to perform an act related to official duties. 'This arrest is the result of cooperation between Sabah MACC and the Internal Audit Unit of a local financial institution,' he told Sinar Harian. Karunanithy further told the daily that a remand application for all the suspects will be made at the Sandakan Sessions Court on Thursday (May 22) to allow further investigation.
