GEORGE TOWN – The chairman of a real estate cooperative was arrested by the Malaysian Anti-Corruption Commission (MACC) for allegedly accepting bribes amounting to more than RM16 million.
It is learnt that the suspect, who carries a Datuk title, accepted the alleged bribe from a Tan Sri, who is the director of a developer firm, in return for appointing the latter’s company to undertake a joint venture property project on the cooperative-owned land.
“The suspect will be brought before the sessions court in Butterworth tomorrow,” an MACC source told The Vibes.
“He will face more than 160 charges under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613).”
It is understood that the arrest was made based on investigations carried out by MACC since August last year.
The suspect is also expected to be charged for money laundering in Kuala Lumpur next week. – The Vibes, July 11, 2021
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