Company CEO, wife nabbed by MACC over RM140mil CBT case (updated)

PUTRAJAYA: The 63-year-old CEO of a company has been detained by the Malaysian Anti-Corruption Commission (MACC) over alleged corruption and criminal breach of trust (CBT).

His wife, who is also a director of the company, was also arrested by the anti-graft body on Monday morning (Nov 23).

A MACC source said the two’s arrest is to assist the commission’s investigation into corruption and CBT allegations amounting to RM140mil.

Both are expected to be presented at the Sessions Corruption Court in Shah Alam on Wednesday morning (Nov 25).

The two are expected to face several charges under Section 18 of the MACC Act and Section 409 of the Penal Code.

Under Section 18 of the MACC Act, a convicted person could face a maximum of 20 years in jail and a fine of not less than RM10,000 or five times the amount of the bribe.

Under Section 409 of the Penal Code, which covers CBT, a person faces a prison term of between two and 20 years, whipping and a fine.

This story has been amended to reflect updated information.

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