World · Malaysia Bureau
Former TH subsidiary deputy manager charged over RM14,000 misappropriation
A former deputy manager of a Tenaga Nasional subsidiary has been charged with misappropriating RM14,000 in penalty funds collected from a contractor. The money allegedly originated from penalties imposed during a 22-storey commercial building project in Kota Bharu.
LSN Malaysia ·
The former deputy manager is accused of depositing funds into a personal account without authorisation. The RM14,000 comprised penalty collections from a contractor involved in the commercial development project in the Kelantan capital.
The charges relate to the contractor's involvement in the high-rise construction project, where penalties were assessed for contract violations or project delays. According to allegations, the official diverted the penalty collections to personal use instead of channelling them through proper company procedures.
The case highlights ongoing concerns over financial accountability in major infrastructure and construction projects across the region. Authorities have been investigating the matter to determine the full extent of the alleged misappropriation and whether additional sums may be involved.
Tenaga Nasional has cooperated with investigators in the case. The outcome of the charges will be closely watched by industry observers concerned with governance standards among large Malaysian corporations and their subsidiaries.