MACC nabs five Felda senior execs

Under arrest: Canadian police have arrested two men and are seeking two others for exporting controlled goods and technologies intended for space satellite use to China in violation of export and defense laws.

PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has nabbed five high-level personnel from Felda under its Ops Caviar over alleged corruption.

The five were detained by MACC between 11.30am and 1.30pm in several locations around the Klang Valley on Tuesday.

All five are believed to have abused their positions in the company for personal gain since 2014.

It is learnt all five are being investigated in relation to a sturgeon fish rearing project worth about USD$10mil (RM47.6mil).

They will be remanded in a Putrajaya court on Wednesday to assist investigations into the case.

MACC director of investigations Datuk Simi Abd Ghani confirmed the arrests and seizures of documents in relation to the probe.

The 2015 Auditor-General's Report (Series 2) stated that no feasibility study and due diligence was undertaken by Felda prior to a sturgeon-rearing and two other projects, costing the agency millions in losses.