Former chief of Tekun arrested for alleged corruption

Datuk Azam Baki

Datuk Azam Baki

Syndicated News
Written by Syndicated News

Man is believed to have accepted a bribe to help speed up payment

KUALA LUMPUR — January 8, 2017: A former managing director and chief executive officer of the National Entrepreneurial Group Economic Fund (Tekun Nasional) was detained by the Malaysian Anti-Corruption Commission (MACC) today on suspicion of committing corruption.

According to a source, the 62-year-old suspect was detained at his home in Bukit Bandaraya, Shah Alam.

The suspect is believed to have accepted a bribe to speed up payment to a debt collection company amounting to RM360,000 in January 2015.

He took 10 per cent of the money as a bribe for expediting payment.

At the same time, the suspect had appointed a company to collect debts from 2008 to 2014 from borrowers who had
defaulted on payments for more than two years.

In January 2015 the suspect was detained at the Shah Alam Club when receiving the bribe from the owner of the debt collection company.

MACC has now concluded its probe and is expected to charge him tomorrow.

MACC Deputy Chief Commisssioner (Operations) Datuk Azam Baki confirmed the arrest.

This is the second MACC arrest this week following that of Rural and Regional Development Ministry
secretary-general Datuk Mohd. Arif Ab. Rahman for abuse of power and corruption.

It is understood that the agency is investigating whether Arif, who used to be a Tekun Nasional director, and this individual were in cahoots. — Bernama




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Syndicated News

Syndicated News

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