CEO OF LISTED COMPANY & WIFE – BOTH AGED 63 – ARRESTED BY MACC OVER RM140 MILLION CBT
PUTRAJAYA: A former chief executive officer of a listed company and his wife, who is the company director, were detained by the Malaysian Anti-Corruption Commission (MACC) here today.
Sources said the couple, both 63, were nabbed to assist investigations into a RM140 million graft and criminal breach of trust case.
“The company is listed in Bursa Malaysia.
“The man holds the title of Datuk while his wife, a Datin,” the source said without elaborating on the case.
The couple are expected to be produced at the Shah Alam Sessions Court tomorrow to face several charges.
They are expected to be charged under Section 18 of the MACC Act 2009 and Section 409 of the Penal Code. NST
Company CEO, wife nabbed by MACC over RM140mil CBT case
PUTRAJAYA: The 63-year-old CEO of a company has been detained by the Malaysian Anti-Corruption Commission (MACC) over alleged corruption and criminal breach of trust (CBT).
His wife, who is also a director of the company, was also arrested by the anti-graft body on Monday morning (Nov 23).
A MACC source said the two’s arrest is to assist the commission’s investigation into corruption and CBT allegations amounting to RM140mil.
Both are expected to be presented at the Sessions Corruption Court in Shah Alam on Wednesday morning (Nov 25).
The two are expected to face several charges under Section 18 of the MACC Act and Section 409 of the Penal Code.
Under Section 18 of the MACC Act, a convicted person could face a maximum of 20 years in jail and a fine of not less than RM10,000 or five times the amount of the bribe.
Under section 409 of the Penal Code, which covers CBT, a person faces a prison term of between two and 20 years, whipping and a fine. ANN
NST / ANN