PUTRAJAYA: A former chief executive officer of a statutory body has been remanded for two days starting today over investigation into alleged abuse of power and misappropriation of Finance Ministry funds worth RM1.2 billion meant for a development project.
Magistrate Irza Zulaikha Rohanuddin granted the remand order following an application by the Malaysian Anti-Corruption Commission against the suspect, who is in his 60s.
The suspect is the third to be investigated in the case after two senior officers were remanded for four days from yesterday for the same alleged offence.
Sources said the suspect was arrested when he had his statement recorded at the MACC headquarters at 8pm yesterday.
The suspect was believed to have committed the offences from 2019 to 2021, where he had misused part of a loan received from the ministry and transferred it to a contractor company and consultant unrelated to the development costs stated in the government's loan allocation application.
MACC Investigation Division senior director Datuk Seri Hishamuddin Hashim confirmed the arrest and said an investigation was ongoing under Section 23 of the MACC Act 2009.