Four In Remand Over Misappropriation Of RM40 Million In Government Fund

Last update: 14/09/2017

PUTRAJAYA, Sept 14 (Bernama) -- The Magistrate's Court here today issued a remand order against four individuals, including a chief executive officer with a 'Datuk' title, for allegedly misappropriating government fund of nearly RM40 million.

The six-day remand order, from today until Sept 19, was issued by Magistrate Nik Isfahanie Tasnim Wan Ab. Rahman following an application by the Malaysian Anti-Corruption Commission (MACC)

Yesterday, the media reported that MACC detained four individuals for allegedly siphoning the fund which was intended for a skilled training corporation.

According to the report, those detained were the 58-year-old CEO of a skills development fund corporation, secretary, 34, assistant finance officer, 32, and a 38-year-old private company director with a doctorate.

There were detained at several locations in the federal capital in a special operation by MACC.

In another development, the court also ordered the release of two individuals who were in remand for investigation into a false invoice claim amounting to US$5.56 million (about RM23.65 million) for a project in Bintulu, Sarawak.

They are a former male executive of an oil exploration company, aged 40, who is now a businessman, and the 53-year-old husband of a woman director of a contracting company, which was appointed to implement the project.