GEORGE TOWN, March 30 ― The Malaysian Anti-Corruption Commission (MACC) remanded today a prominent corporate figure who sits on the board of several public-listed firm, including the state water company PBA Holdings Berhad.
The 70-year-old man with a “Datuk” title will be held five days until April 3 for investigation under Section 23 of the Malaysian Anti-Corruption Commission (MACC) Act 2009 for allegedly abusing his position for gratification.
He was arrested after turning himself in at the Penang MACC headquarters at 8.47pm yesterday to get his statement recorded.
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 who supposedly bought his RM2.8 million Jalan Pinhorn detached house under the market value.
Malay Mail Online understands the man is being investigated for being the alleged recipient of millions of ringgit as a director of a Penang foundation.
The Datuk currently holds senior positions in the Penang Port Sdn Bhd as well as the Penang Tourist Centre Bhd, Usains Holdings Sdn Bhd, Globetronics Technology Bhd, Armstrong Auto Parts Sdn Bhd, Boon Siew Credit Bhd, MITTAS Bhd, Proton Holdings Bhd and Tourism Entrepreneur Centre Bhd.
* Editor’s note: The Datuk no longer holds a senior position in HICOM Bhd as reported previously.