Australian property developer charged with bribing Malaysian officials

SYDNEY (Sept 4): Australian police have charged a property developer for allegedly paying A$4.75 million (RM14.35 million) in bribes to Malaysian government officials, according to a Bloomberg report.

A 68-year-old man is accused of selling a student hostel he developed in Melbourne to a Malaysian government-owned entity at an inflated price of A$22.6 million (RM68.26 million), with the bribes paid to arrange the sale, the report said.

The Australia Federal Police have seized A$1.6 million (RM4.83 million) of the man’s assets in connection with the case. In a statement today, the police said investigations on the man began in 2015 and he was charged in July this year with foreign bribery and false accounting offences.

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