Ringgit Weakened in Feb
A company director with the title of Datuk, aged in his 50s, was arrested by the Malaysian Anti-Corruption Commission (MACC) on July 2, 2025, for allegedly laundering approximately RM75 million. The arrest is part of an investigation under Ops Fibre, linked to a RM400 million loan approval for a fibre network development project in 2012. The suspect is believed to have channeled RM75 million to a company he owns. He was remanded for four days until July 6, 2025, following his arrest at MACC headquarters. MACC also raided four locations in Selangor and Kuala Lumpur and froze 12 bank accounts worth about RM400,000. The investigation is being conducted under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Vincent Tan has reduced his stake in Berjaya Corporation to streamline operations and enhance financial…
Cisco launches Cloud Control, a unified AI‑driven platform integrating networking, security, and operations to defend…
Kuala Lumpur, Malaysia, 5, June 2026 — AhaPay, a Malaysian BNPL solution provider, part of…
Myra unveils Embun in Jenderam, a mixed development near Putrajaya offering residences, retail, and lifestyle…
Crewstone’s investment also reflects a constructive view on gold as an asset class at a…
The FBM KLCI recovered on blue-chip buying, though geopolitical risks, foreign outflows and weak market…
This website uses cookies.