MACC nabs 'Datuk' for allegedly laundering millions of ringgit

PETALING JAYA: A company director with the title of Datuk has been arrested by the Malaysian Anti-Corruption Commission (MACC) for allegedly laundering millions of ringgit.

The suspect, who is in his 50s, was arrested as part of a probe into money laundering activities amounting to around RM75mil.

The director was arrested on Wednesday (July 2) after he presented himself at the MACC headquarters.

He was then remanded on Thursday (July 3) for four days until July 6.

"The suspect is believed to have committed the act in 2012 for the approval of a RM400mil loan for a fibre network development project.

"Initial investigations believe that RM75mil was channeled to a company owned by the suspect," sources said.

The arrest was a part of follow up actions under Ops Fibre. On June 30, the MACC had raided four locations in Selangor and Kuala Lumpur that belonged to the suspect.