RM40 million graft: Datuk, 2 individuals released on bail

Three individuals, including a CEO with a 'Datuk' title, who were remanded by the MACC to facilitate investigations into misappropriation of government funds amounting to RM40 million were released on bail today

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Three individuals, including a Chief Executive Officer with a 'Datuk' title arrested for allegedly misappropriating government fund of nearly RM40 million were released on bail. PIX: Bernama

PUTRAJAYA – Three individuals, including a Chief Executive Officer with a ‘Datuk’ title, who were remanded by the Malaysian Anti-Corruption Commission to facilitate investigations into misappropriation of government funds amounting to RM40 million were released on bail today.

Magistrate Mohd Dinie Shazwan Ab Shukor set RM100,000 as bail with two sureties each, for the Datuk aged 58, and a corporation secretary aged 34, as applied by the MACC.

The third person, a company director aged 38 was released on RM 28,000 bail with two sureties.

On 13 September, MACC detained four individuals in for allegedly siphoning funds intended for training programmes for the unemployed.

The case is being investigated under Section 17(a) of the MACC Act 2009.

Earlier, the media reported that four suspects allegedly misappropriated RM25 million this year and RM15 million last year. -MalaysiaGazette

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Four remanded over misappropriation of RM40 million government fund

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