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

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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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Who’s the ‘mystery’ 42-year-old CEO linked to RM92.5 bil COVID-19 stimulus packages embezzlement?

ONE wonder whether there were ‘double standards’ or self-censorship on the part of the media for choosing not to reveal the identity of the so-called private company CEO in the centre of misappropriation of COVID-19 stimulus packages worth RM92.5 bil by the former Perikatan Nasional-led (PN) government (main pic).

At a glance, this is not so much of public shaming or ‘passing the guilty verdict’ as the individual who was believed to have accepted bribes to connect contractors and other parties was only brought to the Putrajaya Magistrates’ Court on Friday (Jan 6) and remanded for five days to facilitate investigation.

Such curiosity comes begging after one mainstream media ‘openly’ mentioned the names of two senior company directors linked to the ‘fire sale” of the Menara Kuala Lumpur concession after the duo were issued with a four-day remand order – also by the Putrajaya Magistrates’ Court – yesterday (Saturday, Jan 7).

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MACC’s RM92.5 bil stimulus probe politically motivated against Perikatan: Wan Saiful

BUTTERWORTH – The Malaysian Anti-Corruption Commission’s (MACC) investigation into the alleged misappropriation of RM92.5 billion is politically motivated to undermine opposition coalition Perikatan Nasional (PN), said Bersatu information chief Datuk Wan Saiful Wan Jan.

He said PN is being targeted after it did well in last year’s general election, adding that the coalition is the only political force to mount a serious challenge to the ruling government.

“PN had on several occasions been accused of abusing funds as much as RM600 billion. This figure is constantly changing. Now, the probe is being continued,” he said after a constituency visit in Tasek Gelugor.

He added that PN should not fear the investigation as the funds were used in fiscal packages aimed at propping up the economy during the Covid-19 lockdowns over the last three years, especially when PN was in government.

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Muhyiddin’s Right-hand Man Arrested – How The Ex-PM Solicited RM4.5 Billion Bribes In RM92.5 Billion Covid-19 Stimulus Scandal

Why was Muhyiddin Yassin so power-crazy that he willingly betrayed friends and allies in Pakatan Harapan, leading to the collapse of the democratically-elected government after just 22 months? Why was he so obsessed with power that he didn’t mind being laughed as the first backdoor prime minister? Why was he so daringly ignored multiple royal decrees, just to cling to power during his 17-month regime?

Why was the former premier so afraid of sharing power with Pakatan Harapan leader Anwar Ibrahim despite a royal decree by the King to form a unity government following the 15th General Election that produced a hung Parliament? More importantly, why is Muhyiddin’s Perikatan Nasional still desperately and shamelessly wants to snatch power through backdoor again?
 
All the answer can be found after the Malaysian Anti-Corruption Commission (MACC) arrested a chief executive officer of a private company on Thursday (Jan 5) night. The 42-year-old man was detained over his role as “middleman” in brokering government projects related to Covid-19 stimulus packages worth RM92.5 billion (US$21 billion) in exchange for bribes.

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