KUALA LUMPUR — March 30, 2017: The Malaysian Anti-Corruption Commission (MACC) last night detained a man with a datuk title who is a trustee of a foundation with Bumiputra interests on suspicion of abusing his position for personal gain.
According to a source, the 70-year-old suspect’s activities were believed to have incurred millions of ringgit of losses to a subsidiary of the foundation in the past few years.
“The suspect, who is also a businessman, had sold land belonging to the subsidiary without going through the processes and procedures.
“In addition, the suspect, who is a trustee and director of the subsidiary, had made decisions to sell land without the knowledge of the board,” the source told Bernama.
After the land had been successfully sold for lower than the market price, the suspect would receive bribes as rewards from the companies that had bought the land.
The agency is now scrutinising documents seized from the suspect’s office.
MACC Deputy Chief Commissioner (Operations) Datuk Azam Baki confirmed the arrest.