MACC nabs five, including four company directors, over alleged misappropriation of RM104m investment funds Posted on January 16, 2025 By serv PUTRAJAYA, Jan 15 — Four company directors were among five arrested by the Malaysian Anti-Corruption Commission (MACC), in connection with a suspected fraud case totalling RM104 million involving public investment funds. According to a source, the individuals — four men and one woman between the ages of 50 and 60 — were detained around 7pm yesterday, after appearing for questioning at the MACC headquarters here. “MACC received several complaints and information regarding criminal activities involving a licensed trust company under the Ministry of Finance and Bank Negara Malaysia,” the source told Bernama. The company is accused of using funds collected from investors for the personal benefit of those involved in the criminal activities, with the sum reportedly misappropriated and channelled to several private companies owned by proxies, the source added. All five individuals are now in remand for seven days until January 21, after Magistrate Irza Zulaikha Rohanuddin approved MACC’s application at the Magistrates’ Court today. Meanwhile, MACC Chief Commissioner Tan Sri Azam Baki confirmed the arrests, which were part of an operation dubbed “Op Trust”. He said the investigation is being conducted under Section 18 of the MACC Act 2009. The modus operandi of the activity requires specialised expertise among MACC officers to trace the financial flow, he said. He added that the investigation aims to help the government strengthen public trust in regulatory bodies that issue licenses to trust companies, while creating a clean and secure platform for potential investors. — Bernama News
Exco: 13 students suffer suspected food poisoning from Johor school canteen meals Posted on November 29, 2024 students suffer suspected food poisoning from Johor school canteen meals JOHOR BARU, Nov 28 — Thirteen students from Sekolah Rendah Agama Bersepadu Muar experienced stomach pain yesterday in what is suspected to be a case of food poisoning. Johor Health and Environment Committee chairman Ling Tian Soon said the students,… Read More
Police seize 137 fake firearms in Kuching and Samarahan raids, 10 arrested Posted on January 13, 2025 KUCHING, Jan 12 — The police arrested three men and seven women and seized 137 fake firearms during raids on five premises selling toys in Kuching and Samarahan yesterday. Sarawak police commissioner Datuk Mancha Ata said the suspects arrested were all locals, aged 19 to 46. “The raids were conducted… Read More
Johor MB: Signing of JS-SEZ agreement with Singapore set for Dec 9 Posted on November 8, 2024 KULAI, Nov 7 — The joint agreement on the Johor-Singapore Special Economic Zone (JS-SEZ) is expected to be signed on Dec 9, 2024, said Johor Menteri Besar Datuk Onn Hafiz Ghazi. He said that the agreement is projected to be inked during the Malaysia-Singapore Joint Ministerial Committee for Iskandar Malaysia… Read More