MACC gets five-day remand for two corporate figures over abuse of power
Two corporate figures have been remanded for five days by the Malaysian Anti-Corruption Commission over an alleged RM10 million abuse of power case. Authorities have seized luxury assets, including cars and watches, as part of the ongoing investigation.
Why it matters
This case highlights ongoing efforts by Malaysian authorities to combat high-level corporate corruption and financial misconduct.
KUALA LUMPUR: Two corporate figures, who are brothers and hold the titles of Datuk Seri and Datuk, respectively, have been remanded for five days over alleged abuse of power involving an investment worth about RM10mil.
The remand order for the two men, aged in their 40s and 50s, was issued by Magistrate Ezrene Zakariahat the Putrajaya Magistrate's Court on Thursday (Oct 1).
The two suspects were detained at about 9pm on Wednesday (Sept 30) after they turned up to give their statements at the Malaysian Anti-Corruption Commission (MACC) headquarters.
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