KUALA LUMPUR — April 11, 2017: The Malaysian Anti-Corruption Commission today arrested a datuk seri and his son who is also a datuk relating to a land scandal involving Yayasan Bumiputra Pulau Pinang Berhad.
The suspects aged 74 and 47 were linked to a leading and public listed property development company in Penang.
Both are believed to have abused their positions and had sold land belonging to a subsidiary of the foundation without going through established procedures at a low price. What they did is believed to have resulted in losses amounting to millions of ringgit in the past few years.
According to a statement from MACC, the arrests were a follow-up from an investigation on a trustee of the foundation on suspicion of abusing his position for self-interest.
The property developer had developed several projects in Kepala Batas and Tanjung Bungah. The two suspects are the adviser and managing director of the company.
MACC deputy chief commissioner (operations) Datuk Azam Baki said both would be brought to court tomorrow to
obtain a remand order. — Bernama