Yayasan Bank Rakyat ex-chairman accuses MACC of power abuse
Former Yayasan Bank Rakyat chairman Nazir Hussin Akhtar Hussin has accused the Malaysian Anti-Corruption Commission of abusing its power during a probe into a RM10 million investment. He claims the investigation was unprofessional and that he was questioned about unrelated political matters.
Why it matters
Allegations of power abuse by state anti-corruption agencies raise concerns about institutional integrity and the rule of law.
Former YBR chairman Nazir Hussin Akhtar Hussin (right) and his brother Mubarak Hussin at their press conference today.
KUALA LUMPUR: Former Yayasan Bank Rakyat (YBR) chairman Nazir Hussin Akhtar Hussin has accused the Malaysian Anti-Corruption Commission (MACC) of abusing its powers in a probe into the alleged misappropriation of RM10 million invested by the foundation.
He said MACC's raids on his residence and that of his brother, Mubarak Hussin, were conducted unprofessionally.
Nazir also said that during the seven days he was remanded by MACC, he was only questioned for a day regarding the RM10 million belonging to YBR, and that he was questioned about unrelated political matters on the other days.
He said that while the commission had also investigated the investment in 2022, he understood that no wrongdoing or misappropriation had been identified.
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