IPOH: A board member of a government agency cooperative has been remanded to facilitate investigations into alleged abuse of power related to investment funds involving RM3.2 million.
The five-day remand order beginning today until Saturday was granted by magistrate Siti Hanum Mohamad Sah against the 46-year-old man.
The remand was sought to allow further investigation of the suspect under Section 23 of the Malaysian Anti-Corruption Act Act 2009.
It is learnt that the suspect, who serves as a board member of a land development agency cooperative in the Perak Tengah district, is suspected of abusing his position by directing investment funds worth RM700,000 and RM2.5 million from the cooperative to be transferred to the accounts of companies owned by his brother and wife, without any projects being carried out.
The man was arrested yesterday after giving his statement at the MACC office in Meru here at 2.25pm.
Meanwhile, Perak MACC director Datuk Ahmad Sabri Mohamed confirmed the case when contacted, stating that investigations were ongoing.