Former bank officer among five nabbed by MACC over graft involving RM11.3mil loan


SANDAKAN: Five men, including a former bank officer, have been arrested by the Malaysian Anti-Corruption Commission (MACC) in Sabah on suspicion of receiving bribes amounting to approximately RM300,000 as an incentive to approve financial loans totaling RM11.3mil, Sinar Harian reports.

The Malay language daily reported that all the suspects, aged from their 20s to 40s, were arrested while giving statements at the MACC office in Sandakan between 2pm and 7pm Wednesday (May 21).

They are believed to have received bribes from the owner of a company as a reward for approving financial loan applications accompanied by fraudulent supporting documents.

Preliminary investigations revealed that all the suspects have been involved in this corrupt activity from 2022 to 2024, which involved approving loans totaling RM11.2mil to 39 applicants.

Sabah MACC director Datuk S. Karunanithy, confirmed the arrest of the five suspects.

“The case is being investigated under Section 16(a)(A) of the MACC Act 2009 for receiving bribes as an inducement to perform an act related to official duties.

“This arrest is the result of cooperation between Sabah MACC and the Internal Audit Unit of a local financial institution,” he told Sinar Harian.

Karunanithy further told the daily that a remand application for all the suspects will be made at the Sandakan Sessions Court on Thursday (May 22) to allow further investigation.

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Sabah , Sandakan , Loans , Bribe , Graft , MACC , S. Karunanithy , Arrest , Remand

Next In Nation

SMG wins silver in best digital publisher of the year at MDA D-Awards
Disabled man found drowned in Sg Kuantan
Toll collection for WCE Section 2 begins midnight tonight
Food delivery driver critically injured in bus collision after running red light
Deputy minister's FB posts vanished, Meta confirms act of sabotage
Govt bears almost half a million ringgit in cost for Tun Mahathir's trip to Nikkei conference
Two suspects sought after firecracker incident damaged homes in Bukit Mertajam
Empat is the name - Malaysian music legends team up with family members to become music's new super quartet
NIOSH urges tighter safety measures at construction sites after Bangsar incident
Reintroduce flat-rate GST in Sabah, urges accountants association

Others Also Read