IPOH: A special project officer and board member of a cooperative is on remand for five days from today for alleged abuse of power involving investment funds amounting to RM3.2 million.
The remand order against the man in his 40s was issued by magistrate Siti Hanum Mohmad Sah.
According to an MACC source, the suspect was arrested at the Perak MACC office at about 2.30pm yesterday.
He allegedly used his position as a board member of a cooperative to order investment fund transfers of RM700,000 and RM2.5 million from the cooperative to the accounts of companies owned by his younger brother and wife respectively, without any projects being carried out.
Both cases are being investigated under Section 23 of the MACC Act 2009 for abuse of power.