World · Malaysia Bureau
MACC extends remand of former Felda subsidiary CEO in graft probe
Malaysian Anti-Corruption Commission investigators have extended the remand of a former chief executive officer of a Felda subsidiary as they probe allegations of embezzlement, abuse of power and bribery linked to a Kuala Lumpur development project.
LSN Malaysia ·
The MACC sought an extension of the remand order for the executive as part of its widening investigation into the appointment of a project developer for the scheme in the capital. The investigation centres on potential misconduct in the company selection process and related financial irregularities. Authorities are examining whether proper procedures were followed in awarding the contract and whether any parties benefited improperly from the arrangement. The case represents part of the anti-corruption agency's ongoing scrutiny of governance practices within Felda subsidiaries and their dealings. The MACC has been intensifying investigations into corporate malfeasance across state-linked enterprises in recent months, with multiple high-profile cases under review.