The Malaysian Anti-Corruption Commission (Suruhanjaya Pencegahan Rasuah Malaysia) has detained a former telecommunications company director for allegedly submitting falsified documents to secure a development financial institution loan worth about RM200 million.
According to sources, the male suspect, believed to be in his 70s, was arrested at 10.35am today after arriving at MACC headquarters in Putrajaya to give his statement.
Preliminary investigations suggest the suspect had acted in collusion with several individuals who were previously charged, with the alleged offence believed to have taken place in 2012.
MACC senior director (Special Operations) Datuk Mohamad Zamri Zainul Abidin confirmed the arrest and said the case is being investigated under Section 18 of the MACC Act 2009.
He added that the suspect is expected to be charged this Monday at a Kuala Lumpur court.
Authorities continue to probe the case as part of ongoing efforts to tackle financial misconduct involving large-scale loans and corporate fraud.
