KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) yesterday arrested a “Datuk Seri” and his son to assist with investigations into a land scandal involving Yayasan Bumiputra Pulau Pinang Bhd.
The arrest of the 74-year-old Datuk Seri was made at MACC’s office in Penang, while the man’s 47-year-old son was arrested in MACC’s office in Putrajaya at about 7pm when they showed up to have their statements recorded.
MACC in a statement said the father and son were linked to a leading property developer in Penang, which is also listed on Bursa Malaysia.
“The two suspects are believed to have been abusing their positions and sold lands owned by a subsidiary of the foundation at a lower price, without going through proper process and procedures.
“This has resulted in the losses of millions of ringgit to the subsidiary since several years ago,” the statement said.
The arrests were made following an arrest of a trustee of the same foundation on March 29 for allegedly abusing his position for personal gains.
The property developer, based in Georgetown, had developed a number of properties in Penang including Kepala Batas and Tanjung Bungah.
MACC deputy commissioner Datuk Azam Baki, when contacted, confirmed the arrests.
The duo is expected to be taken to Georgetown Magistrate Court today to be remanded.
The case is being investigated under Section 23 of the MACC Act 2009 for abuse of power.