GEORGE TOWN, April 3 — The Malaysian Anti Corruption Commission (MACC) released today a well-known Penangite holding the “Datuk” title who was suspected of graft involving millions.
The 70-year-old, who holds high positions in Penang Port Sdn Bhd and PBA Holdings Bhd, was released after his lawyers posted the RM100,000 bond at about 1pm today.
“The MACC issued the release with only two conditions, a RM100,000 bond and two sureties so we have just paid the bond amount and he's been released,” one of his lawyers, Reza Rahim, told reporters outside the MACC headquarters here.
The businessman was represented by Reza, Ong Yu Shin, B.Jeyasingam and N. Rajivan.
The lawyers said their client had cooperated fully with MACC by voluntarily turning up at the MACC office to give his statement last week.
“In all these five days, he has been very cooperative and if there is a need for him to come in and give further statement, he will cooperate fully,” Reza said.
The prominent businessman, who holds many other high-ranking positions in various corporations, was arrested when he went to MACC to have his statement recorded last Wednesday night.
He was subsequently remanded for five days and the remand order ended today.
He was brought to the magistrate's court at about 10.30am this morning where his five-day remand was not extended.
Still dressed in the orange prison uniform, he was then escorted back to the MACC headquarters where the MACC issued the official release several hours later.
It is believed that the businessman was investigated under Section 23 of the MACC Act for his alleged involvement in obtaining gratification worth millions through his position as a director of a foundation in Penang.
It is learnt that the investigations were related to land transactions conducted by the foundation.
He also holds high positions in Usains Holdings Sdn Bhd, Globetronics Technology Bhd, Penang Tourist Centre Bhd, Armstrong Auto Parts Sdn Bhd, Boon Siew Credit Bhd, MITTAS Bhd, Proton Holdings Bhd and Tourism Entrepreneur Centre Bhd.
Section 23 carries a jail term of not more than 20 years and a fine of five times the value of gratification or RM10,000, whichever is higher.
It is the same section used to charge Penang Chief Minister Lim Guan Eng, whose case is still pending at the Penang High Court.