MACC arrests CEO linked to stimulus packages
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THE Malaysian Anti-Corruption Commission has remanded a chief executive officer of a company who acted as a middleman in the distribution of government projects under the Economic Stimulus Package from 2020 to 2022.
According to sources, the 42-year-old man was remanded for five days until January 10, 2023.
The MACC had previously issued a statement regarding the investigation which focused on government funds amounting to RM92.5 billion under the economic stimulus and recovery program under the Perikatan Nasional (PN) government.
Source said, MACC has opened several investigation papers against at least five individuals who are believed to be masterminds or middlemen to several companies to obtain projects worth between RM50 million to RM500 million through direct negotiations.
“Almost 90% of the projects that were given through negotiation have not yet been implemented because no acceptance letter has been issued.
“MACC will focus on the investigation of the remaining 10% on ongoing projects,” he said.
According to another source, the suspect is believed to have accepted bribes to connect contractors and high level officers.
So far, some of the contractors who have been questioned admitted to agreeing to pay a commission of 3 to 5% and to put it into the account of a political party meant for political funding.
MACC Chief Azam Baki when contacted confirmed the arrest adding that the case is being investigated under Section 16 (a) of the MACC Act 2009.
Earlier today, an online portal reported that authorities had arrested the CEO of a private company for allegedly serving as a middleman in the distribution of government projects.
A source linked the arrest to MACC’s investigation into the alleged misappropriation of Covid-19 stimulus packages worth RM92.5 billion by the former PN government.
On December 15 last year, MACC raided eight government agencies and nine companies as part of its investigation into the alleged misappropriation of RM92.5 billion by the PN-led government. – January 6, 2023.