Former CEO, CFO of Malaysian Statutory Body Arrested Over RM370 Million Share Deal

Malaysia's Anti-Corruption Commission (SPRM) has detained a former chief executive officer (CEO) and a former chief financial officer (CFO) of a statutory body. The arrests are connected to suspicions of abuse of power during a share purchase deal valued at RM370 million, involving two plantation companies. This investigation follows findings from a special task force that reviewed the report of the Royal Commission of Inquiry (RCI) into Tabung Haji, which was publicly disclosed on July 29.

Sources indicate that the two individuals, aged 68 and 60, were apprehended at the SPRM headquarters in Putrajaya on Tuesday evening while providing statements. However, they were released later that night due to health reasons. They are scheduled to return to the SPRM on Wednesday morning to continue their statements. 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.

In a related development, a company director was arrested the previous day on suspicion of bribery. This individual is accused of offering approximately RM300,000 in renovations for a former COO's house. The bribes were allegedly given in exchange for help in securing renovation projects for the statutory body. The suspect, in his 50s, was detained on Tuesday evening while giving a statement at the SPRM headquarters. Initial investigations suggest these alleged corrupt practices occurred between 2014 and 2018.

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They will return to SPRM at 10 a.m. this morning to continue recording their statements.