MACC tracking down money allegedly laundered by 'Datuk' in RM75mil probe
Sources quoted by Malay language daily Sinar Harian said that investigations showed that the suspect had created dummy companies to invest in and had sought out victims, including VIPs.
The companies were found to have been created in 2018 using swindled money from bank loans.
"The suspect didn't only create these companies offering non-existing investments but also others that offered unlicensed money lending," sources said.
It added that the suspect had also bribed a bank CEO with a payment of RM8mil to approve a RM400mil loan.
The MACC was also in the midst of tracing down the money that had been "layered" by proxies, including the aforementioned bribe.
"More witnesses and several individuals will be called in to assist investigations," the source said.
On Thursday (July 3), the suspect was remanded as part of a probe into money laundering activities amounting to around RM75mill.
The director was arrested on Wednesday (July 2) after he presented himself to the MACC for a statement at the MACC headquarters.
He was then remanded for four days until July 6.
The arrest was a part of follow up actions under Ops Fibre. On June 30, the MACC had raided four locations in Selangor and Kuala Lumpur that belonged to the suspect.
Previously, MACC Special Operations Division senior director Datuk Mohamad Zamri Zainul Abidin confirmed the arrest when contacted, adding that investigations were being conducted under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001.
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