PUTRAJAYA: The 42-year old businessman with the 'Datuk' title who made headlines after he was arrested on suspicion of money laundering by the Malaysian Anti-Corruption Commission (MACC) in a multi-agency operation early Monday morning, has been released.
A MACC source close to the investigation told the New Strait Times that the suspect was released after his one-day remand granted by the Shah Alam Court ended.
"MACC applied for a remand extension this morning, but the extension was not granted at the Shah Alam Court," he said, when contacted.
The source said the suspect was represented by more than half a dozen lawyers who made sure he secured the release, without any extension.
"Another suspect who was also arrested in relation to the Datuk's case on Tuesday night, was also denied remand this morning," he added.
Not much details are available on the fourth and latest suspect who was arrested last night and denied remand.
The businessman who owns several businesses, including two gold jewellery shops is also a prominent figure in the entertainment industry and has been responsible for bringing in artistes from India.
He has organised at least three concerts this year alone, and all were said to be a success.
Two others who were arrested separately in the joint operation on the same day are believed to be still in the agency's custody.
Yesterday NST reported that three men including the businessman Datuk, popular within the Indian community for bringing in foreign artistes for concerts in Malaysia, had been remanded.
The suspects were said to be detained at their respective homes early Monday morning in a joint operation with the police, Inland Revenue Board, Bank Negara, Customs and Immigration Department, among others.
It was reported that MACC had also obtained a one-day remand order for the Datuk at the Shah Alam court.
MACC had allegedly applied for a longer remand to facilitate investigation under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Amla) for acquiring an undisclosed amount of wealth.