CEO OF GLC TRANSFERRED RM1.5MIL TO BROTHER’S ACCOUNT: KICKBACKS FOR AWARDING PROJECTS?
PUTRAJAYA: Just before resigning as the chief executive officer of a government-linked company, a man suspected of abusing his position and of corruption transferred some RM1.5mil into his younger brother’s account.
The brothers had worked at the same government-linked company (GLC) before the elder sibling, 50, quit last year. The younger brother, 35, is a manager there.
Anti-graft officers are now trying to determine whether the money was part of the kickbacks received by the suspect for awarding projects.
They are also investigating whether the suspect, a Datuk, had a hand in getting his brother – and boss – to approve the projects.
Yesterday, the brothers were remanded for a week along with the GLC’s 61-year-old managing director to assist in the Malaysian Anti-Corruption Commission’s investigations into the Datuk’s alleged power abuse and corrupt practices.
Magistrate Nik Isfahanie Tasnim Wan Ab Rahman granted the MACC’s request for remand.
The Datuk, who now holds the position of director in another GLC, was picked up at his house in Shah Alam on Monday.
The other two were arrested on the same day at the MACC headquarters here when they came to have their statements recorded.
Sources believed that the RM1.5mil transferred to the brother’s account was just the “tip of the iceberg” in this case.
“We are still investigating much he amassed over the years and the extent of his abuse,” said a source.
The suspect is believed to have awarded projects worth nearly RM50mil to several companies during his stint as the CEO.
So far, investigators have frozen 10 accounts belonging to the suspect, his wife and other family members, said to have contained as much as RM39.3mil.
Other individuals are also expected to be roped in to help in investigations.
The Datuk is the second top person from a GLC to be detained for alleged abuse of power and corruption.
Last week, the 56-year-old general manager of another GLC was detained to assist in a corruption probe involving projects worth hundreds of millions of ringgit here.