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Bank chairman detained

The MACC is an agency adhering to the terms of the civil service and is placed under the PM's Department.

The MACC is an agency adhering to the terms of the civil service and is placed under the PM's Department.

Syndicated News
Written by Syndicated News

KUALA LUMPUR — August 29, 2016: The chairman of a bank is the latest high profile personality to be detained by the Malaysian Anti-Corruption Commission over alleged graft and misuse of power.

The “tan sri” in his 60s was picked up at the bank’s headquarters about 1.15pm.

The agency’s director of investigations Datuk Azam Baki said the bank account of the man which had close to RM1 million was frozen.

The man becomes the third individual detained from the bank in relation to alleged corruption and abuse of power.

Its managing director was arrested last Thursday and another officer the next day. The former was arrested at his office on suspicion of corruption relating to a tender for the upgrade of the bank’s system and a book project on a national leader.

It is believed a total of RM15 million was given to a publishing company in which the MD had a vested interest.

Following the earlier arrests, the MACC froze RM8.1 million from several accounts, including those belonging to the the MD.

Earlier this month three senior officers were also arrested by the MACC for graft, misuse of power and money laundering.

The three who were employed at a government department, a local authority and a government-linked company had accounts totalling more than RM13 million. — Bernama

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