The Malaysian Anti-Corruption Commission (MACC) will arrest more bank officers involved in a syndicate that helped civil servants with bad debts secure personal loans from local banks. The syndicate, uncovered under Op Sky, has already seen 12 arrests, including financial consultancy firm directors and several bank officers. As part of the investigation, MACC has frozen 70 accounts linked to the syndicate, amounting to over RM16.2 million.
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Najib: I don’t recall 1MDB chairman Bakke’s SMS on misconduct, resignation blame unfair, Bakke should have come to see meAn undated file photograph shows the Malaysian Anti-Corruption Commission badge with a pair of handcuffs in the background. — Picture by Choo Choy MayKUALA LUMPUR, Jan 16 — The Malaysian Anti-Corruption Commission will arrest more bank officers involved in a syndicate that helped civil servants with bad debts secure personal loans from local banks.
“Based on our investigation so far, we believe the syndicate would apply for loans through various banks and receive payment amounting to 1 per cent of the loan value once it was approved,” Azam was quoted as saying. As part of the investigation, MACC has frozen 70 accounts linked to the syndicate, amounting to over RM16.2 million.
MACC Bank Syndicate Loan Corruption
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