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

Malaysia Notícia

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

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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.

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