Yayasan Bumiputera land scandal: Datuk Seri, 'Datuk' son, released on bail

MOHAMED BASYIR

GEORGE TOWN: A Datuk Seri businessman and his Datuk son, who were arrested in connection with a land sale scandal involving the Yayasan Bumiputera Pulau Pinang Bhd, were released on bail today.

The 74-year-old father was admitted to a private hospital on Friday due to high blood pressure, while his 47-year-old son was kept in lockup since his arrest last Wednesday. Their six-day remand order expired today.

The son was escorted by Malaysian Anti-Corruption Commission (MACC) officers to the hospital at about 10.50am today.

Magistrate court dep¬uty registrar Ahmad Tajudin Zain arrived at the hospital about half an hour later.

He allowed bail of RM100,000, with two sureties, for each of the detainees.

In a statement last week, the MACC said that the duo is believed to have abused their positions and sold land owned by a subsidiary of the Yayasan at a price below market value several years ago, without going through proper processes and procedures, resulting in losses of millions of ringgit for the subsidiary.

Their arrests were made following the detention of a 70-year-old trustee of the Yayasan on March 29, for allegedly abusing his position for personal gains.

The case is being investigated under Section 23 of the MACC Act 2009.