He is believed to have committed the offence between 2020 and 2023 by appointing his wife, who works at a bank, as the investment agent for share investments amounting to nearly RM50 million.

Bernama reported a source as saying that a preliminary investigation suggested that the suspect may have used public and trust funds without the necessary approval.

According to the source, the man, in his 50s, was detained at about 1pm today when he provided a statement at the Malaysian Anti-Corruption Commission office in Melaka.

Melaka MACC director Adi Supian Shafie confirmed the arrest and said the case is being investigated under Section 23 of the MACC Act 2009.

He said the suspect would be brought to the Ayer Keroh magistrates’ court in Melaka tomorrow to be remanded.