Two corporate brothers released on MACC bail over RM10mil probe
KUALA LUMPUR: Two corporate figures who are brothers and hold the titles Datuk Seri and Datuk have been released on Malaysian Anti-Corruption Commission (MACC) bail following investigations into suspected misappropriation and abuse of position involving an investment worth about RM10 million.
Two corporate brothers, Datuk Seri and Datuk, were released on Malaysian Anti-Corruption Commission (MACC) bail after investigations into alleged misappropriation and abuse of position involving a RM10 million investment, according to the source. The Datuk was released on October 5, while the Datuk Seri was released today, following their respective remand periods.
Upon their release, MACC seized luxury vehicles, high-powered motorcycles, luxury watches, bracelets, and cash totaling around RM36 million, along with freezing two personal bank accounts containing RM2 million. The allegations involve the suspects colluding with an officer of an education-based foundation to approve the investment in late 2020.
MACC chief commissioner Datuk Seri Abd Halim Aman confirmed the release of the two corporate brothers on bail.
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