Five including govt agency chairman arrested over RM1.96 million land deal losses

Malaysian authorities have arrested five individuals, including a government agency chairman with a "Datuk" title, in connection with alleged abuse of power. The arrests stem from an investigation into the disposal of government agency land in Penang, which reportedly resulted in losses of around RM1.96 million.

Sources indicate that the chairman, in his 50s, is suspected of using his position as deputy chairman and board member to approve the sale of eight land lots in Seberang Perai Selatan in 2015. These sales were allegedly made to a company believed to be owned by his associate, at prices significantly lower than market value.

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The chairman of the government agency, in his 50s, was arrested for allegedly abusing his position as deputy chairman and board member to approve the sale of eight land lots in Seberang Perai Selatan in 2015 to a company suspected to be owned by his associate.

The other four individuals arrested include two company directors, a technical manager, and a female clerk, all believed to be involved in the scheme. The suspects, aged between 40 and 50, were apprehended by the Malaysian Anti-Corruption Commission (SPRM) in Penang. They are expected to be brought before the Magistrate's Court in George Town for remand applications.

SPRM Chief Commissioner Datuk Seri Abd Halim Aman confirmed the arrests, stating the case is being investigated under Section 23 of the SPRM Act 2009.

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The individuals involved are also believed to have used their positions to approve the sale of the land at a lower price than the market value, involving a loss of approximately RM1.96 million.