Report: MACC to question bank chairman over RM15m graft case

Malaysian Anti-Corruption Commission (MACC) reportedly questioned the chairman of a government-linked bank in connection with the alleged misappropriation of RM15 million. — File pic
Malaysian Anti-Corruption Commission (MACC) reportedly questioned the chairman of a government-linked bank in connection with the alleged misappropriation of RM15 million. — File pic

KUALA LUMPUR, Aug 29 — The chairman of a government-linked bank is the latest individual to be questioned by the Malaysian Anti-Corruption Commission (MACC) in connection to the alleged misappropriation of RM15 million.

According to online news portal The Star Online, the 65-year-old retired army general is the second banker from that same financial institution to be questioned, the first being a 48-year-old managing director who was arrested on Thursday.

The MACC is investigating allegations of corruption involving a contract for a book deal on a national leader through a tender system said to be worth RM15 million that was awarded to a city-based publisher. However, the book reportedly never went to print.

The commission arrested eight people last week to help with investigations, including a “Datuk” bank executive, another executive of the same bank, the publishing company’s managing director and one of its employees. They are currently held under a three-day remand order. The other four people have since been released. They are: two female lawyers, a book writer and the wife of a bank officer.

However according to The Star Online, an MACC spokesman confirmed that the remand order has been extended for two days and will expire on Tuesday.

The Star Online added, quoting a source, that several bank accounts amounting to some RM10 million were also frozen by MACC to help with investigations.

Another man in his 40s was also arrested by the MACC on Saturday and will be detained until Friday.