Manager held three more days over alleged RM200m tax reduction fraud
KUALA LUMPUR, Oct 3 — A financial and corporate services company manager has had his remand extended for another t...
A Malaysian financial and corporate services company manager has had his three-day remand extended by another three days, beginning tomorrow, as part of an investigation into allegations of submitting false documents to obtain a tax reduction of approximately RM200 million, according to the Malaysian Anti-Corruption Commission (MACC).
The individual, in his 40s, was initially remanded for three days starting last Thursday and will now be held until October 6. The suspect is suspected of manipulating around 480 company accounts using fraudulent documents between 2018 and the present day. It is also alleged that he bribed an enforcement agency official to assist in his actions, and amassed significant wealth through illegal operations.
As part of the investigation, the MACC conducted searches at 12 locations, including the suspect's office and residence, where they seized 25 luxury vehicles estimated to be worth around RM25 million. Additionally, seven bank accounts - four personal and three company accounts - with a combined value of approximately RM3 million were frozen.
The MACC's Chief Commissioner, Datuk Seri Abd Halim Aman, confirmed the remand extension and stated that the case is being handled under Section 16 of the MACC Act 2009.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
