MACC nabs CEO over misappropriation from pandemic stimulus

The MACC detained a chief executive officer of a private company late yesterday under suspicion of being a middle person in the distribution of government projects under the economic stimulus package between 2020 and 2022.

A source from MACC said the 42-year-old man, who is believed to have accepted bribes to serve as a middle person in the projects involved, was arrested after having his statement recorded at the MACC headquarters.

MACC chief commissioner Azam Baki confirmed the arrest adding that the case was being investigated under Section 16 (a) of the MACC Act 2009, according to a report by Bernama.

The Putrajaya Magistrate's Court allowed for the man to be remanded from Jan 6 until Jan 10, to allow MACC to complete the investigation papers.

Last month, MACC issued a statement over the investigation that was focused on government funds amounting to RM92.5 billion under the economic stimulus and recovery initiative.

Five people under probe

It said initial investigations revealed that the amount of allocation was estimated at RM530 billion, and based on that amount, only RM92.5 billion involved government funds while the rest was not government funds.

Bernama quoted a source from MACC saying that the investigation body has opened several investigation papers against at least five individuals believed to be middle persons to several companies to obtain projects worth between RM50 million and RM500 million through direct negotiations.

"Contractors who have been questioned so far admitted that they agreed to pay a commission of three to five percent," said the source.

Two senior company directors nabbed to assist in KL Tower sale probe

Court allows another stay on Bung, wife’s RM2.8m corruption trial

MACC visits Communications Ministry over KL Tower probe

MACC launches probe into KL Tower shares transfer

Annuar: MACC summoned me to explain source of Muhyiddin's funds