A source told FMT that the 34-year-old who is believed to be a manager of a company in Ampang, was arrested at his home yesterday.
He will be brought to Putrajaya this morning for remand.
It is learnt that some RM4 million in bank accounts of a mining company was also frozen.
The investigation revolves around allegations that the company had bribed local authorities not to take action against its illegal sand-mining activities.