Group CEO among three arrested for allegedly embezzling publicly listed company funds

  • 📰 malaymail
  • ⏱ Reading Time:
  • 13 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

Malaysia News

Corruption,MACC,Embezzlement

KUALA LUMPUR, Aug 10 — The Malaysian Anti-Corruption Commission (MACC) arrested three individuals, including a group chief executive officer (GCEO), for suspected...

According to a MACC source, all three suspects were detained from around 7 pm to 9 pm on Thursday when they appeared to testify at the Putrajaya MACC office regarding irregularities involving construction and mining projects worth about RM80 million. — Picture by Hari AnggaraKUALA LUMPUR, Aug 10 — The Malaysian Anti-Corruption Commission arrested three individuals, including a group chief executive officer , for suspected misappropriation of RM1.

“Preliminary investigations found that all the suspects were also believed to be involved in establishing a company that was not approved by the board of directors for the purpose of carrying out a collaborative project worth about RM258 million.

 

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

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines