Scandals

Bank CEO, two others remanded for suspected graft involving RM24mil

The payment is said to be a reward for approving a loan of RM294mil applied by a local company.

By MAZWIN NIK ANIS | Star Online

19 July 2022

PUTRAJAYA: A chief executive officer of a bank subsidiary and two others have been remanded to facilitate investigation into alleged bribery amounting to RM24mil.

The three were brought before Magistrate Mohd Dinie Shazwan Ab Shukor on Tuesday (July 19) for the Malaysian Anti-Corruption Commission prosecutors to apply for a remand order.

Magistrate Mohd Dinie allowed for the suspects to be remanded for five days until July 23.

The three suspects, who are in their 50s, were arrested at the MACC headquarters on Monday at about 6pm when they were summoned for their statements to be recorded.

The female suspect was believed to have accepted bribes amounting to RM24mil sometime around 2010.

The payment is said to be a reward for approving a loan of RM294mil applied by a local company.

Source: Bank CEO, two others remanded for suspected graft involving RM24mil | The Star

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