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
Tech giants push space data centers as AI solution, but critics warn of massive costs,…
Malaysia Aviation Group plans to use Khazanah Nasional funds to expand its aircraft fleet by…
In February, the US trade deficit grew to USD57.3 billion, less than expected, with increases…
Public Investment Bank values MTT Shipping and Logistics Berhad at RM1.23, citing a 10x PER…
VS Industry Bhd faces substantial losses in the Philippines due to supply chain disruptions and…
Trump fires Attorney General Pam Bondi, appoints Todd Blanche interim chief; Democrats welcome move, citing…
This website uses cookies.