GEORGE TOWN: A managing director of a property development company and his female employee have been offered bail of RM10,000 each with one surety by a magistrate's court in Penang here.
Deputy registrar Ahmad Tajudin Zain granted the bail.
The managing director, who is a Datuk, was brought to court by the Malaysian Anti-Corruption Commission (MACC) as their four-day remand order expired on Monday.
Both the 47-year-old Datuk and the 39-year-old sales and marketing head were detained by the MACC for allegedly falsifying the sales and purchase agreements of 20 unsold bumiputra-quota units of a condominium in Batu Ferringhi.
This was allegedly done to reduce the amount paid to the Penang government for the release of the units.
The MACC had revealed that the initial investigation found that the suspects allegedly paid an individual who acted as an agent to obtain identity cards for the alleged forgery.