MACC arrests CEO over probe into RM92.5bil spent by PN govt

[superadmin]

PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has arrested the CEO of a private company for allegedly serving as a middleman in the distribution of government projects.

A source close to the matter linked the arrest to MACC’s investigation into the alleged misappropriation of Covid-19 stimulus packages worth RM92.5 billion by the former Perikatan Nasional-led (PN) government.

When contacted, MACC chief commissioner Azam Baki confirmed the arrest and said the case was being investigated under Section 16 (a) of the MACC Act 2009.

The source said MACC had opened investigation papers into at least five individuals believed to have been involved in helping companies obtain projects worth between RM50 million to RM500 million through direct negotiations linked to the stimulus packages.

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