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Monday, January 30, 2023

MACC nabs CEO for allegedly soliciting bribes with government projects worth RM92.5 billion under the Economic Stimulus Package

NewsMACC nabs CEO for allegedly soliciting bribes with government projects worth RM92.5...

The Malaysian Anti-Corruption Commission (MACC) has arrested a CEO of a private company for allegedly serving as a middleman in the distribution of government projects under the Economic Stimulus Package between 2020 and 2022.

According to New Straits Times, a source from MACC said the 42-year-old CEO was called in to have his statement recorded at the headquarters on Thursday (5 January) before detaining him.

“At least five individuals have come under the commission’s radar over alleged misappropriation of RM92.5 billion in economic stimulus and recovery package funds.”

“MACC has opened five investigation papers on these individuals, who are believed to be the mastermind or middlemen to help several companies obtain government projects worth between RM50 million to RM500 million through direct negotiations,” the source was quoted as saying.

The source also said that checks showed almost 90% of the projects that were awarded had not started because there was no letter of acceptance received from the companies.

“Therefore, MACC will only focus its investigation on the 10% of projects that have already started and are in the early stages of progress,” he said.

Source: The Star

Giving kickbacks as political contributions

Meanwhile, another source said that the suspect also accepted bribes and kickbacks from contractors to help them network with government officials.

“So far, some of the contractors who were questioned had admitted to agreeing to pay a commission of 3% to 5% of the total project value to a political party bank account as a political contribution,” he said.

The man had been produced at the Putrajaya magistrate’s court on Friday (6 January) morning for a remand application.

MACC Chief Commissioner Tan Sri Azam Baki confirmed the arrest and said the case was being investigated under Section 16 (a) of the MACC Act 2009.

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