PUTRAJAYA, Aug 30 — The chairman of a bank with the title of ‘Tan Sri’ is being remanded for seven days from today to assist in the investigation into misappropriation of funds in a RM15 million book publishing contract.  Magistrate Nik Isfahanie Tasnim Wan Ab Rahman allowed the application by the Malaysian Anti-Corruption Commission (MACC) to remand the 65-year-old Tan Sri until September 5.

The man came to give his statement to the Kuala Lumpur MACC headquarters before being brought to the MACC office in Putrajaya where he was detained at 3pm yesterday.

MACC director of Investigations, Datuk Azam Baki said that yesterday the Tan Sri’s bank account containing almost RM1 million had been frozen.  The Tan Sri is the third official from the bank detained by the MACC over the case.

Four others, namely the managing director of the same bank and with the title of ‘Datuk’, the bank’s former director of procurement and two publishing company owners whose remand period ended today, were released by the MACC upon completion of investigations.

So far, seven individuals including the four released today, had been arrested by the MACC to assist in investigations into the case.  The case is being investigated under Section 23 of the MACC Act 2009. — Bernama