Melaka local authority director arrested over alleged misuse of RM50mil

Melaka local authority director arrested over alleged misuse of RM50mil

PETALING JAYA: The director of the finance department of a local authority in Melaka has been arrested on suspicion of abusing his power by using RM50 million of the authority’s funds to invest in shares.

He is believed to have committed the offence between 2020 and 2023 by appointing his wife, who works at a bank, as the investment agent for share investments amounting to nearly RM50 million.

Bernama reported a source as saying that preliminary investigations suggested that the suspect may have used public and trust funds without the approval of the financial controlling officer.

According to a source, the man, in his 50s, was detained at around 1pm today when he appeared to provide a statement at the Malaysian Anti-Corruption Commission (MACC) office in Melaka.

Melaka MACC director Adi Supian Shafie, when contacted, confirmed the arrest and said the case was being investigated under Section 23 of the MACC Act 2009.

DISYORKAN UNTUK ANDA :

Game Over Kepada Ahmad Terrirudin

He said the suspect would be brought to the Ayer Keroh magistrates’ court in Melaka tomorrow to be remanded.