Group CEO among three arrested for allegedly embezzling publicly listed company funds

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Group CEO among three arrested for allegedly embezzling publicly listed company funds
CorruptionMACCEmbezzlement
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KUALA LUMPUR, Aug 10 — The Malaysian Anti-Corruption Commission (MACC) arrested three individuals, including a group chief executive officer (GCEO), for suspected...

According to a MACC source, all three suspects were detained from around 7 pm to 9 pm on Thursday when they appeared to testify at the Putrajaya MACC office regarding irregularities involving construction and mining projects worth about RM80 million. — Picture by Hari AnggaraKUALA LUMPUR, Aug 10 — The Malaysia n Anti- Corruption Commission arrested three individuals, including a group chief executive officer , for suspected misappropriation of RM1.

“Preliminary investigations found that all the suspects were also believed to be involved in establishing a company that was not approved by the board of directors for the purpose of carrying out a collaborative project worth about RM258 million.

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