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12 April 2017
MACC obtains six day remand order against prominent property developer and son http://bit.ly/2p7xkac
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GEORGE TOWN: The Malaysian Anti-Corruption Commission (MACC) has obtained a six day remand order against a prominent property developer and his son.
Magistrate Mohamad Amin Shahul Hamid issued the remand order, upon application by the MACC, against the property tycoon, who has a Datuk Seri title, and his son, who has a Datuk title to facilitate investigations into the sale a Penang-based foundation’s land.
Both father and son were dressed in orange MACC lock up suits when they arrived at the Magistrate Court about 10.50am.
They were in handcuffs and were quickly taken into the courtroom by MACC officers and were later escorted inside a waiting official vehicle after the remand order was obtained.
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11 April 2017
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malaysiakini.comVerified account @malaysiakini
Duo nabbed in bumi land case involving Umno-linked foundation
A father-son duo with the titles “Dato Sri” and “Dato” were today arrested in yet another bumiputera land scandal, this time in Penang.
The probe, which comes after a scandal involving the conversion of bumiputera housing titles in Johor last month, involves Yayasan Bumiputera Pulau Pinang Bhd.
Yayasan Bumiputera Pulau Pinang was in 2010 placed under the watch of Penang Umno, alongside three other federal government agencies aimed at looking after bumiputera interests in Penang, following the formation of federal foundation Yayasan Aset Bumiputera Pulau Pinang that year.
In a statement today, the MACC said the “Dato Sri”, 74, and his “Dato” son are linked to a “prominent listed Penang real estate firm”.
“Both suspects are believed to have abused their positions to sell land owned by the foundation’s subsidiary company without due process, at a price far cheaper than the original price.
“Their actions are believe to have cost the foundation’s subsidiary company millions of ringgit in the past years,” the anti-graft body said in a statement.
The MACC had on March 29 arrested a foundation trustee suspected of abusing his power and conflict of interest.
The “Dato Sri”, who is also an advisor to the listed real estate firm, was arrested at the Penang MACC headquarters while his son, who is the firm’s general manager was arrested at the MACC headquarters in Putrajaya, at about 7pm today.
https://www.malaysiakini.com/news/378821
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FMT News @fmtoday 56 minutes ago
2 Penang property magnates arrested by MACC
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GEORGE TOWN: A well-known Penang property developer with the title of “Datuk Seri” and his “Dato” son were arrested by the Malaysian Anti-Corruption Commission (MACC) today.
The father and son, aged 74 and 47, was arrested at the MACC headquarters on Northam Road at 7pm today on suspicion of involvement in corrupt practices.
In a statement, MACC said the case was being investigated in relation to an alleged “land scandal” involving Yayasan Bumiputra Pulau Pinang Berhad.
The two men are said to have big property developments in Tanjung Bungah and Kepala Batas.
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30 March 2017
malaysiakini.comVerified account @malaysiakini
MACC detains ‘Datuk’ in Penang for graft
The Malaysian Anti-Corruption Commission (MACC) has detained a man with the title ‘Datuk’, who is a trustee of a foundation with bumiputera interests, on suspicion of abusing his position for personal gain.
The 70-year-old suspect was detained in George Town, Penang, at 8.30 last night.
According to a source, the suspect’s activities were believed to have incurred millions of ringgit to a subsidiary company of the foundation in the past few years.
“The suspect, who is also a businessman, had sold land belonging to a subsidiary company of the foundation without going through the processes and procedures stipulated by the foundation’s subsidiary company.
“In addition, the suspect, who is a trustee and director of the foundation’s subsidiary company, had made decisions to sell the pieces of land without the knowledge of the board members of the foundation’s subsidiary company,” the source told Bernama.
He said the suspect had sold land belonging to the foundation’s subsidiary to a company in which he had an interest, at a price which was much lower than the original price.
“After the land had been successfully sold at a price that was much lower than the market price, without the knowledge of the members of the board, the suspect would receive bribes as rewards from the companies that had bought the land.
“The suspect would receive at least one percent of the value of the land sold, as a reward,” he said.
According to the source, the MACC was now in the process of scrutinising the documents seized from the suspect’s office in Penang to assist investigation into the case.
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weehingthong 