PETALING JAYA: Four men, including a "Datuk", have been nabbed by the Malaysian Anti-Corruption Commission (MACC) over the misappropriation of some RM40mil.
The Datuk, a company chief executive, was arrested together with a secretary and an assistant financial officer from the same corporation.
The fourth suspect, who holds a honorific "Dr" title, is a director with a different company.
The four were picked up in a sting operation in Kuala Lumpur between 4.30pm and 6pm.
The suspects are believed to have collaborated to siphon off an allocation provided by the Federal Government.
It is learnt that the misappropriation started in 2016.
MACC deputy chief commissioner (operations) Datuk Azam Baki confirmed the arrests.