MACC detains ex-CEO, CFO over RM370mil plantation share deal tied to Tabung Haji RCI
The Malaysian Anti-Corruption Commission (MACC) detained a former CEO and CFO regarding a RM370 million plantation share deal linked to the Tabung Haji Royal Commission of Inquiry. The suspects were released for health reasons but remain under investigation for abuse of power.
Why it matters
This investigation highlights ongoing efforts to address corruption within government-linked statutory bodies in Malaysia.
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has detained a former chief executive officer (CEO) and a former chief financial officer (CFO) of a company owned by a statutory body over the alleged abuse of power involving the acquisition of shares in two plantation companies worth RM370mil.
The latest arrests were in connection with the findings of the Royal Commission of Inquiry (RCI) into Tabung Haji.
The two suspects, aged 68 and 60, were detained after giving their statements at the MACC headquarters here at about 6.30pm on Tuesday (Aug 4).
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