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A FORMER finance director of a local authority in Melaka has been remanded for seven days over allegations of abuse of power involving RM50 million in public funds, which were purportedly used for unauthorised share investments.
Magistrate N. Sivashangari issued the remand order, effective from today until 23 June.
The 57-year-old suspect, wearing an orange lock-up uniform, was brought to the Ayer Keroh Court Complex at around 9am under escort by officers from the Malaysian Anti-Corruption Commission (MACC).
Media reports earlier revealed that the suspect was arrested yesterday at approximately 1pm while providing a statement at the MACC office in Melaka.
According to sources, the alleged offences took place between 2020 and 2023. The suspect is believed to have appointed his wife—who works at a bank—as the investment agent for share transactions amounting to RM50 million.
Preliminary findings suggest that the suspect had utilised public and trust funds for these investments without obtaining authorisation from the financial controlling officer.
When contacted, Melaka MACC director Adi Supian Shafie confirmed the arrest and said the matter is being investigated under Section 23 of the MACC Act 2009, which deals with abuse of position for gratification. - June 17, 2025
