What RM370 million Tabung Haji share deals are under MACC probe?

Question

Accepted Answer

MACC Investigates RM370 Million Tabung Haji Share Deals Linked to Abuse of Power Allegations

The Malaysian Anti-Corruption Commission (MACC) is currently investigating alleged abuse of power concerning the purchase of shares in two plantation companies, with a total value of approximately RM370 million. This investigation is a component of a broader probe stemming from the Royal Commission of Inquiry (RCI) report on Lembaga Tabung Haji.
Former CFO's Statement Recorded

The MACC has concluded the recording of statements from a former chief financial officer (CFO) of a company owned by a statutory body. This individual's testimony was sought to gather evidence related to the suspected abuse of power during the acquisition of shares in two plantation companies. The process of obtaining this statement spanned four days, with the final session concluding recently.
Former CEO Detained for Questioning

In connection with the same investigation, the MACC detained the former chief executive officer of the involved company. Both the former CFO and CEO presented themselves at the MACC headquarters to provide their statements, leading to the detention of the CEO as part of the ongoing inquiry.
Focus on Abuse of Power in Share Purchases

The core of the MACC's investigation centres on allegations of abuse of power in the RM370 million transaction involving the acquisition of shares in two specific plantation companies. These concerns were highlighted within the findings of the Royal Commission of Inquiry report concerning Lembaga Tabung Haji.

Reading history

Hide →

This history is cleared when the page is closed.

What RM370 million Tabung Haji share deals are under MACC probe?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends