The Malaysian Anti-Corruption Commission (MACC) is in the midst of completing investigations involving a businessman alleged to have misappropriated funds allocated for the National Feedlot Corporation (NFC).

MACC’s director of investigations Mustafar Ali said once ready, the investigation report would be sent to the attorney-general’s office.

“We have not closed our investigations although the suspect’s remand period ended yesterday but allowing the police to investigate the suspect for his alleged involvement in another criminal breach of trust case,” he told Bernama when contacted today.  

Newspaper reports said a 45-year-old suspect who was remanded for five days to facilitate investigations into the NFC scandal, was released but rearrested by police for his involvement in another cheating case, related to a service station.

He said the MACC was collecting data and information related to the case from the Central Processing Unit (CPU) and four large white envelopes containing documents that were seized from the NFC office in Solaris Mont Kiara on Friday.

Meanwhile, Kuala Lumpur Commercial Crimes Chief ACP Izany Abdul Ghany, when contacted, said the suspect would be remanded until Dec 29 to facilitate investigations.

The issue over NFC surfaced following the 2010 Auditor-General’s Report in October, which stated that NFC had failed to comply with the objectives of its formation while the opposition alleged misappropriation of its funds, particularly in relation to the purchase of two luxury condominiums in the city.

- Bernama