KUALA LUMPUR: A former chief executive officer of a government-linked statutory body and a company chairman have been remanded over alleged involvement in a suspicious share transaction. Initial investigations revealed that both individuals are suspected of colluding with several board members and shareholders of a company in a share sale transaction involving the statutory body between 2022 and 2023. The source added that the MACC Special Operations Division had conducted raids at 13 locations, including government-linked agencies, companies of public interest, office premises and residences around the Klang Valley. Meanwhile, MACC Special Operations Division senior director Datuk Mohamad Zamri Zainul Abidin confirmed the arrests when contacted, adding that the case is being investigated under Section 16 of the MACC Act 2009. He said investigations are also being carried out for criminal breach of trust and other related offences, particularly those involving money laundering.

Source: The Star April 09, 2026 07:00 UTC