What specific transactions are under scrutiny in the RM370 million share deal?

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The Malaysian Anti-Corruption Commission is investigating alleged power abuse related to the purchase of shares in two plantation companies.

The Malaysian Anti-Corruption Commission (MACC) is actively investigating allegations of power abuse connected to the acquisition of shares in two plantation companies. These transactions involve a sum of approximately RM370 million and are part of a broader inquiry stemming from findings within the Royal Commission of Inquiry (RCI) report on Tabung Haji.
MACC Continues Statement Recording

The MACC has been diligently recording statements as part of its investigation. Most recently, the commission spent over seven hours on a third day of questioning a former chief financial officer (CFO) of a company linked to a statutory body. This extensive questioning, which began at 10 am and concluded at 5:30 pm, is focused on the alleged misuse of power concerning the RM370 million share purchase. The recording of the former CFO's statement is slated to continue for a fourth day.
Investigation Linked to Tabung Haji RCI Findings

This ongoing investigation is directly informed by the findings presented in the Royal Commission of Inquiry (RCI) report on Tabung Haji. The report highlighted concerns that have prompted the MACC to examine specific transactions. The focus remains on the abuse of power in relation to the acquisition of shares in two plantation companies, with the total value of these shares amounting to approximately RM370 million.
Previous Detentions in Connection with the Deal

Prior to the extended statement recording, the MACC had detained the former CFO and the company's former chief executive officer. Both individuals, aged 68 and 60 respectively, were brought in by the commission to provide their statements. These detentions underscore the seriousness with which the MACC is treating the allegations of power abuse linked to the RM370 million share deal.

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What specific transactions are under scrutiny in the RM370 million share deal?

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