PETALING JAYA: Ancom Berhad has confirmed that its executive chairman Datuk Dr Siew Ka Wei (pic) has been remanded by the Malaysian Anti-Corruption Commission (MACC) over an investigation during his tenure as Tourism Board chairman.
The Ancom board of directors said that the MACC has been granted a four-day remand order to assist in investigations.
“The board has convened an emergency board meeting this afternoon to assess the implications of the above on the group's operations, its shareholders and other stakeholders who may be affected directly and indirectly, and to determine the possible course of action to be taken,” it said in a statement Wednesday (Jan 9).
It added that the Group's operations remain unaffected by the incident.
Siew is being investigated in relation to an RM100mil tourism contract that was awarded before GE14.