Melaka person jailed on fraud suspicion
PETALING JAYA: A local authority’s finance director in Melaka has been arrested for allegedly abusing his position by investing nearly RM50 million of public funds in shares through his wife, a bank employee. The alleged misconduct occurred between 2020 and 2023, with funds believed to be used without proper approval. The man, in his 50s, was detained by the Malaysian Anti-Corruption Commission (MACC) after giving a statement. MACC Melaka director Adi Supian Shafie confirmed the arrest. The case is being probed under Section 23 of the MACC Act 2009.
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
Government expands Budi Diesel quota to 300 litres monthly, aiding 200,000 pick‑up and jeep owners;…
Paris Baguette Malaysia is now fully integrated under Singapore HQ, enhancing operations and regional strategy…
Malaysian enterprises must modernize infrastructure strategically to harness AI, enhancing resilience and reducing costs effectively.
Vertiv opened its Johor manufacturing facility to expand AI infrastructure production, strengthen regional supply chains,…
Malaysia's manufacturing sector returned to expansion in June as stronger orders and production lifted PMI…
Southern Cable secured a RM403.6 million TNB contract extension, lifting its order book above RM1…
This website uses cookies.