What statutory body owns the company linked to the RM370m deal?

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Statutory Body Unspecified in RM370 Million Deal Investigation

Information regarding the specific statutory body that owns the company linked to the RM370 million deal remains undisclosed. The Malaysian Anti-Corruption Commission (MACC) has arrested the former CEO and CFO of a company, identified as being owned by a statutory body, in connection with alleged abuse of power. The investigation centres on the acquisition of shares in two plantation companies valued at RM370 million.
Former Executives Arrested by MACC

The Malaysian Anti-Corruption Commission (MACC) apprehended the former chief executive officer (CEO) and former chief financial officer (CFO) of a company under a statutory body. These arrests are part of an ongoing investigation into alleged power abuse during the procurement of shares in two plantation entities. The total value of these share acquisitions is reported to be RM370 million.
Investigation Linked to Tabung Haji RCI Findings

Sources indicate that the arrests are a result of an investigation conducted by a special task force. This task force was established to review and examine the findings presented in the Royal Commission of Inquiry (RCI) report concerning Tabung Haji. The RCI report's findings were made public via the Department of Islamic Development Malaysia (JAKIM) portal on July 29.
Abuse of Power Under MACC Act 2009

The MACC chief commissioner, Datuk Seri Abd Halim Aman, confirmed the arrests. He stated that the case is being investigated under Section 23 of the MACC Act 2009, which pertains to the offence of abuse of power. This section outlines the legal framework for prosecuting individuals who misuse their official position for personal gain or to cause benefit to others.

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What statutory body owns the company linked to the RM370m deal?

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