PETALING JAYA: The remands of a company chairman and a former chief executive officer of a government-linked statutory body have been extended.
The Malaysian Anti-Corruption Commission (MACC) is continuing its probe into a share trading scandal that led to losses of over RM300mil.
Their remands were extended until April 16 following an application at the Putrajaya Magistrate's Court on Sunday (April 12).
Both individuals had previously been remanded for four days.
MACC Special Operations Division senior director Datuk Mohamad Zamri Zainul Abidin confirmed the matter.
He said the case is currently being investigated under Section 16 of the MACC Act 2009.
He added that the case is also being investigated for criminal breach of trust and other related offences, particularly those involving money laundering activities.
Investigations were started following suspicions of collusion with several board members and shareholders in a share sale transaction to the statutory body.
