PETALING JAYA (Jue 30): The CEO of a government-linked company (GLC) who was remanded on Thursday (June 28) by the Malaysian Anti-Corruption Commission (MACC) over allegations of abuse of power involving construction projects valued at RM300 million was freed by the Magistrate’s Court at Putrajaya today, reported Bernama.

Magistrate Mohammad Abduh Md Hafidz ordered the 59-year-old Datuk to be released on bail of RM50,000 in one surety after the commission made no request to extend his remand.

He was arrested by the MACC on Wednesday after raids at several places in the Klang Valley, including his home and office, to obtain documents related to the case.

He was held for investigation under Section 17 (a) of the MACC Act 2009.

The suspect was believed to have abused his power to manipulate the process of several construction projects that are currently carried out by the GLC.

A MACC spokesperson said the project was awarded to a company via a tender process, but the suspect had purposely put many obstacles which caused the company to fail to carry out the project.

The project was then awarded to another contractor which is believed to have ties to the suspect in a move which is suspected to have been planned ahead, he added.