2 corporate siblings in remand as MACC probe alleged graft involving RM10mil

 The duo, one a 'Datuk Seri' and the other 'Datuk Wira', are suspected of misappropriating funds and abusing their power in an investment deal.

Both suspects, in their 40s and 50s, were arrested around 9pm yesterday when they came to the MACC headquarters to give their statements. (Bernama pic)

PUTRAJAYA:

Two corporate figures, who are siblings and hold “Datuk Seri” and “Datuk Wira” titles, have been remanded by the Malaysian Anti-Corruption Commission (MACC) for having allegedly colluded to misappropriate funds and abuse their power in an investment deal worth about RM10 million.

Magistrate Ezrene Zakariah issued a five-day remand order against both suspects following an application by MACC at the Putrajaya magistrates’ court this morning, Utusan Malaysia reported.

The suspects, who are in their 40s and 50s, were arrested at about 9pm yesterday when they arrived at the MACC headquarters to give their statements.

Both men are suspected of committing the offence jointly at the end of 2020, and of colluding with an officer in an education foundation to approve an investment of about RM10 million in a company owned by another sibling of theirs.

MACC also seized 15 luxury cars, 12 high-powered motorcycles, five luxury watches, three bracelets and about RM30,000 in cash.

MACC chief commissioner Abd Halim Aman confirmed the arrests and said the case was being investigated under Section 23 of the MACC Act 2009. - FMT