MACC arrest brothers over false payments of RM23 million for apartment project

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) arrested two brothers for allegedly making more than RM23 million in false payments for an apartment project in the city.

The suspects, both in their 60s, were arrested at 7 pm yesterday after giving their statements to the MACC at the agency's headquarters here.

According to a MACC source, the two men were former managing directors at a development, engineering and construction company.

"Both of them were suspected of making false payments of over RM23 million to consultants, sub-contractors and third parties by using local bank overdraft facilities.

"They allegedly made the transactions between 2017 and 2019 for the construction of an apartment project in Kuala Lumpur worth over RM350 million when the project was not being undertaken," the source said.

The source said Magistrate Irza Zulaikha Rohanuddin allowed MACC's application for a three-day remand order against the duo this morning.

MACC senior director of investigation Datuk Seri Hishamuddin Hashim confirmed the arrests, saying that the case was being investigated under Section 18 of the MACC Act 2009.

-- BERNAMA