PETALING JAYA: A former political secretary to a Cabinet minister has been arrested over the misappropriation of some RM1.1mil belonging to three foundations.
The man, who is a Datuk, was arrested on Monday by the Malaysian Anti-Corruption Commission (MACC) along with another individual, who is the director of one of the foundations headed by the suspect.
The MACC said in a statement that both individuals, in their 30’s and 50’s, will be charged on Wednesday for criminal breach of trust under the Penal Code.
MACC investigations director Datuk Mustafar Ali said both men have been released on a RM50,000 bail.
He said the three foundations, established between 1980 and 2011, were not registered as charitable organisations but were operating as companies with limited liability.
It is learnt that the funds utilised by the organisations were in conflict with the objectives of a foundation.
Both suspects held the positions of director and trustee of the organisations.
The MACC added that another director of one of the foundations, who is also a Datuk, was arrested for an offence under the Companies Act.
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