news

Two directors of China-based construction firm remanded over alleged misappropriation of funds and bribery

PUTRAJAYA (April 24): Two senior directors of a construction company based in China were remanded for two days starting today to assist investigations into alleged misappropriation of company funds and acts of bribery.

Putrajaya Court assistant registrar Nor Azilawati Abdullah issued the remand order after the Malaysian Anti-Corruption Commission (MACC) submitted an application to remand the two men including a Chinese national yesterday.

According to a source in MACC, the managing director and senior finance director at the construction company, in their 40s and 50s, were detained at the MACC headquarters here at 12.30pm on Thursday after they gave their statements.

They were being investigated under Section 16 (b) of the MACC Act, said the source.

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates 

Click here for more property stories

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE
RELATED POSTS
  1. Manager remanded over alleged bribery involving contracts worth RM60m
  2. MCO SOP: CIDB shuts two building sites, revokes operation approval of two others
  3. Falling scaffolding from crane damages cars, no injuries reported