KUALA LUMPUR: Two corporate figures, who are brothers and hold the titles of Datuk Seri and Datuk, respectively, have been remanded for five days over alleged abuse of power involving an investment worth about RM10mil.
The remand order for the two men, aged in their 40s and 50s, was issued by Magistrate Ezrene Zakariahat the Putrajaya Magistrate's Court on Thursday (Oct 1).
The two suspects were detained at about 9pm on Wednesday (Sept 30) after they turned up to give their statements at the Malaysian Anti-Corruption Commission (MACC) headquarters.
"Initial investigations found that the two suspects allegedly conspired to commit the offence towards the end of 2020.
"They are also believed to have conspired with an officer of an education-based foundation to approve an investment of about RM10mil in an investment company owned by the elder brother of the first suspect, who holds the title of Datuk Seri," a source said.
The MACC also seized 15 luxury cars, 12 high-powered motorcycles, five luxury watches, three bracelets and about RM30,000 in cash in connection with the investigation.
MACC chief commissioner Datuk Seri Abd Halim Aman, when contacted, confirmed the arrests.
He said the case was being investigated under Section 23 of the MACC Act 2009.
