Malaysia

MACC arrests brothers over false RM23 mil payments in apartment project

Both men former managing directors at a development, engineering and construction company

Updated 3 years ago · Published on 21 Sep 2022 4:49PM

MACC arrests brothers over false RM23 mil payments in apartment project
The Malaysian Anti-Corruption Commission has arrested two brothers for allegedly making false payments amounting to more than RM23 million for an apartment project in the city. – Bernama pic, September 21, 2022

KUALA LUMPUR – The Malaysian Anti-Corruption Commission (MACC) arrested two brothers for allegedly making more than RM23 million in false payments for an apartment project in the city.

The suspects, both in their 60s, were arrested at 7pm yesterday after giving their statements at the agency’s headquarters here.

According to a MACC source, the two men were former managing directors at a development, engineering and construction company.

“Both of them were suspected of making false payments of over RM23 million to consultants, sub-contractors and third parties by using local bank overdraft facilities.

“They allegedly made the transactions between 2017 and 2019 for the construction of an apartment project in Kuala Lumpur worth over RM350 million when the project was not being undertaken,” the source said.

The source said magistrate Irza Zulaikha Rohanuddin allowed MACC’s application for a three-day remand order against the duo this morning.

MACC investigations senior director Datuk Seri Hishamuddin Hashim confirmed the arrests, saying that the case was being investigated under Section 18 of the MACC Act 2009. – Bernama, September 21, 2022

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