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10 APRIL 2024

Friday, June 16, 2017

Penang property tycoon arrested by MACC, again

Datuk and a female staff detained for allegedly falsifying S&P agreements for 20 unsold Bumiputera units in a condo project in a bid to avoid paying a fee to the Penang government.
macc-dato-penangGEORGE TOWN: A son of a property magnate and his employee were arrested by Malaysian Anti-Corruption commission (MACC) officers yesterday for allegedly falsifying sales and purchase (S&P) documents for condominium units in Batu Ferringhi.
MACC said in a statement today the two were a 47-year-old Datuk and a 39-year-old woman who is the head of the sales and purchase division of a property company.
The Datuk and his 74-year-old “Datuk Seri” father were previously arrested by MACC in April in connection with a “land scandal”. They were later released on bail.
According to the MACC statement, the Datuk and the woman were arrested at about 6pm yesterday while statements were taken from 20 witnesses.
The duo were alleged to have falsified 20 S&P agreements to fulfil the Bumiputera sales quota at a condominium project in Batu Ferringhi.
“They were believed to have paid an individual to get copies of identity cards from people who were then recorded as Bumiputera buyers in the project.
“The falsification is intended to reduce the developer’s payment to the Penang government in lieu of getting rid of unsold Bumiputera units,” the statement said. -FMT

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