MACC nabs former Tekun CEO on suspicion of corruption

MACC nabs former Tekun CEO on suspicion of corruption

A MACC source says suspect allegedly took 10%, or RM36,000, of Tekun Nasional's bad debt for November, 2014 as a bribe for expediting payment.

ceo-dakwa-rasuah
KUALA LUMPUR:
A former managing director and chief executive officer of the National Entrepreneurial Group Economic Fund (Tekun Nasional) with the title of “Datuk” was detained by the Malaysian Anti-Corruption Commission (MACC) today on suspicion of corruption.

According to a source in the MACC, the 62-year-old suspect was detained at his residence in Bukit Bandaraya, Shah Alam at 5.15pm.

“The suspect was believed to have accepted a bribe to speed up payment to a debt collection company amounting to RM360,000 on Jan 15, 2015.

“The suspect took 10%, or RM36,000, of Tekun Nasional’s bad debt for November, 2014 as a bribe for expediting payment,” he told Bernama today.

At the same time, the suspect, when holding the posts, appointed a debt collection company to collect debts from 2008 to 2014 from borrowers who defaulted on payments for more than two years.

On Jan 15, 2015, the suspect was detained at the Shah Alam Club, Selangor when receiving the bribe from the owner of the debt collection company.

MACC has now concluded their probe and are expected to charge the suspect at the Shah Alam Sessions Court tomorrow for soliciting the RM36,000 bribe.

Meanwhile, MACC Deputy Chief Commissioner (Operations) Azam Baki, when contacted by Bernama, confirmed the arrest and said the suspect would be taken to the Shah Alam Sessions Court to be charged tomorrow.

This is the second MACC detention this week of a high profile individual following the arrest of Rural and Regional Development Ministry secretary-general Mohd Arif Ab Rahman for abuse of power and corruption.

It is also understood that the MACC is investigating whether Mohd Arif, who used to be a Tekun Nasional director, and this individual were in cahoots.

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.