MD of GLC company arrested for alleged abuse of power, corruption

The Malaysian Anti-Corruption Commission (MACC) has arrested the managing director of a government-linked company (GLC) over suspicion of abuse of power and corruption.

According to a source, the investigation team arrested the 56-year-old suspect at his house in Seremban at 9.35am this morning.

The source said the suspect who held the post since 2010 was believed to have terminated the services of 20 of his subordinates who had refused to conspire with his actions.

"The man was suspected to have received money from several contractors as an inducement to allow them to continue with projects even though they had failed to complete the work within the stipulated time.

"MACC is still investigating the gratification obtained by the suspect thus far," the source told Bernama today.

The MACC also seized RM30,000 cash, two Audi TT cars, a Toyota Hilux and a Harley Davidson motorcycle owned by the suspect at his home.

In addition the Commission has also freezed several bank accounts belonging to the suspect, his wife and children involving an amount of RM2.5 million, believed to have been corruptly obtained.

"The freeze is to enable the team to conduct investigations under the MACC Act 2009 and Money Laundering Act. The suspect who has three children also owned nine houses, believed to have been bought with cash," he said.

The houses located in Putrajaya (3), Kuala Lumpur (1), Cyberjaya (1) and Negeri Sembilan (4) are valued at RM8 million.

The suspect is expected to be brought to court in Putrajaya tomorrow to obtain a remand order.

Meanwhile, MACC Deputy Chief Commissioner (Operations) Datuk Azam Baki confirmed the arrest.

Asked if there would be more arrests, Azam did not rule out the possibility of several more arrests involving those holding key posts.

He said it was dangerous for someone who has the power to be involved in corruption as he would be willing to discard others of integrity as long as the end justifies the means. --BERNAMA