MACC nabs 16 company directors for allegedly misusing Mitra funds

  • 📰 staronline
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 75%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

PETALING JAYA: A total of 16 company directors have been picked up by the Malaysian Anti-Corruption Commission (MACC) for alleged misappropriation of funds under the Malaysian Indian Community Transformation Unit (Mitra).

The suspects are aged between 24 and 68 and were arrested in a large-scale operation around the Klang Valley that began on Monday afternoon.

On Oct 15, the MACC said it had opened an investigation paper on allegations of misuse of funds under Mitra. According to sources, it is estimated that tens of millions of ringgit that were meant for a Mitra allocation grant to implement socio-economic programs of the Indian community in Malaysia have been misused.

It is estimated that almost 60% of the grant allocation received by companies, individuals and foundations for the purpose of implementing socio-economic development programmes did not reach the proper target group.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

These 16 Directors if convicted can appeal and use their passports to travel overseas. Najib created the precedence. So, now all convicts can travel abroad whilst waiting appeal. Keluarga Malaysia what. 😂😂😂😂

Australia Australia Latest News, Australia Australia Headlines