GEORGE TOWN: A businessman 'Datuk', who was arrested and remanded over the alleged sale and purchase of plots of land below market price, was released on bail here today.
Magistrate’s court deputy registrar Ahmad Tajudin Zain allowed the 70-year-old to be released on Malaysian Anti-Corruption Commission (MACC) bail of RM100,000, with two verbal sureties.
He was arrested last Wednesday after appearing at the MACC's office to provide his statement on the case.
His five-day remand order expired today.
The suspect is alleged to have used his position as trustee of a Bumiputera-related local foundation to sell parcels of land to companies to which he is connected, for millions of ringgit.
The lands are said to belong to a subsidiary company of the local foundation.
The Datuk was represented by lawyers Reza Rahim, Ong Yu Shin, B Jeyasingam and N Rajivan.
He was brought to the magistrate’s court at about 10.30am today, and after almost one hour, was escorted back to the MACC’s office, before being released.
The case is being investigated under Section 23 of the Malaysian Anti-Corruption Commission Act 2009 for abuse of power or position for gratification.