Lagenda Properties confirms senior personnel remanded by MACC; shares tumble 29.52%

KUALA LUMPUR: Lagenda Properties Bhd has confirmed that a senior personnel has been remanded by the Malaysian Anti-Corruption Commission (MACC).

“The board of Lagenda wishes to notify that it has become aware of news reports that the MACC has granted a 4-day remand order involving a senior personality of the company, to assist MACC in its investigation with regards to an ongoing investigation involving land dealings,” Lagenda Properties said in a reply to Bursa Malaysia’s unusual market activity (UMA) queries.