Brothers held over RM23mil false payments for KL apartment project

Brothers held over RM23mil false payments for KL apartment project

The duo, both in their 60s, are suspected of using overdraft banking facilities from 2017 to 2019.

The two brothers after they were remanded for three days at the Putrajaya magistrates’ court. (Bernama pic)
PETALING JAYA:
Two brothers have been remanded by the Malaysian Anti-Corruption Commission (MACC) to assist in an investigation into RM23 million in false payments involving the development of an apartment project in Kuala Lumpur.

According to a source, the two men were the former directors of a development, engineering and construction firm.

They were arrested at the MACC headquarters in Putrajaya last night after giving their statements.

The source said the brothers, both in their 60s, were suspected of having cheated consultants, sub-contractors and third parties involved in the project by making false payments.

They allegedly did so using overdraft banking facilities of more than RM23 million from a local bank between 2017 and 2019 for the project.

The source said construction of the project worth RM350 million has yet to start.

Magistrate Irza Zulaikha Rohanuddin granted a three-day remand order at the Putrajaya magistrates’ court this morning.

MACC senior director Hishamuddin Hashim confirmed the arrests and said the case was being investigated under Section 18 of the MACC Act.

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