The Malaysian Anti-Corruption Commission (MACC) has arrested three individuals, including two company directors, over allegations they submitted false documents in an attempt to secure RM20 million in financing for paddy and rice purchases that allegedly never took place.
In a statement on Tuesday, the anti-graft agency said the suspects are involved in the paddy and rice production and processing industry and are believed to have submitted documents containing false information to a development financial institution under the Trade Working Capital Financing-i facility.
The financing was intended to support the purchase of paddy and rice.
One of the suspects, a man in his 30s who works as an operations manager, was remanded for five days until July 11 after Magistrate Eliana Ismail granted the application at the Alor Setar Magistrate’s Court on Tuesday morning.
He was arrested at about 6pm on Monday after turning up at the MACC office in Alor Setar to provide his statement.
Preliminary investigations found that the three suspects, who are believed to be members of the same family, allegedly conspired to commit the offence this year.
The other two suspects, both company directors in their 60s, have since been released on MACC bail pending further investigations.
The commission alleged that while the suspects submitted documents to obtain the financing, no actual transactions involving the purchase of paddy or rice had taken place.
MACC Senior Director of Investigations Datuk Mohd Hafaz Nazar confirmed the arrests, adding that the case is being investigated under Section 18 of the MACC Act 2009.
