Two GLC execs from Sarawak arrested by MACC released on bail

The court complex in Kuching.

By Dorcas Ting

KUCHING, April 11: Two individuals from Sarawak who hold senior positions in government-linked companies (GLCs) who were earlier remanded by the Malaysian Anti-Corruption Commission (MACC) were released on cash bail of RM10,000 with one local surety each.

The suspects aged 45 and 35 respectively were arrested by Putrajaya MACC in Kuching on April 7 to assist in the investigation into projects worth over RM2.3 billion.

On April 8, Magistrate Zubaidah Sharkawi allowed MACC to remand the 45-year-old suspect for five days until April 13. However, he was released from remand today as the MACC has finished their investigation on this suspect.

The 35-year-old suspect was also brought before the Magistrate’s Court and MACC obtained an order to remand him for two days until April 10. The suspect was released from remand yesterday.

According to a source, eight suspects were arrested by MACC between 1.30pm on April 7 and 12.30am on April 8 on suspicion of involvement in a project belonging to a GLC with an estimated contract worth RM2.3 billion between 2018 and 2021.

Among the items seized by MACC were 10 luxury vehicles, cash in different currencies worth more than RM27,000, 50 pieces of jewelry including gold bars, 15 luxury watches, and 13 luxury handbags. MACC had also frozen 12 company and individual bank accounts.

The case is being investigated under Section 17 of the MACC Act 2009, which carries a fine of not less than 10 times the value of the gratification in question or RM1 million, whichever is higher, or imprisonment for not more than 20 years, or both, upon conviction. — DayakDaily