Melaka Finance Director Arrested for Alleged RM50 Million Investment Abuse

A finance director in Melaka was arrested for misusing RM50 million of public funds for stock investments without proper authorization.

By Staff Writer · June 17, 2025 · 1 min read

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.