KUALA LUMPUR: The businessman with a “Tan Sri” title who was arrested for alleged involvement in a RM10mil scam is the chairman of a public listed company.
He is also believed to be an active community leader, with memberships in various foundations and non-governmental organisations.
News of his arrest has shocked the business community.
It was reported on Saturday that police arrested the businessman for allegedly scamming the public out of RM10mil under the pretence the money would be handed over to the police to resolve money laundering cases.
According to a police source, the 59-year-old man was apprehended by Bukit Aman’s Anti-Money Laundering Act (Amla) investigation team at his residence in Jalan U-Thant on Saturday evening when he returned from Osaka, Japan.
“The suspect collected about RM10mil from victims. Initially, he allegedly demanded RM25mil, claiming he had close ties with the police and could help resolve their cases.
“He further asserted that the money collected would be handed over to the police to prevent the victims from facing any legal action or investigations under Amla,” the source told Bernama.
Authorities launched an operation that led to the businessman’s arrest.
The suspect has 30 years of experience in his industry.
Inspector-General of Police Tan Sri Razarudin Husain confirmed to Bernama that they would hold a press conference on the case soon.
