MACC detains ex-telco director suspected of offering RM8 million bribe to bank president for loan approval in 2012; accused of submitting false documents

PUTRAJAYA: A former director of a telecommunications firm has been detained by the Malaysian Anti-Corruption Commission (MACC) on suspicion of bribing a bank’s group president and managing director with RM8 million.

The inducement was allegedly made to secure the executive’s help in obtaining approval for a loan facility of about RM400 million, New Straits Times reported.

According to sources, the suspect, a man in his 50s, was taken into custody around 12.30pm today when he arrived at the MACC headquarters here to provide his statement.

Initial inquiries suggest the purported offence took place in 2012.

It is believed that the suspect submitted documentation containing false information—including a “Joint Completion Guarantee”—to meet the conditions tied to the loan approval, which was intended to finance a fibre optic project.

MACC Senior Director of Special Operations, Datuk Mohamad Zamri Zainul Abidin, confirmed the arrest.

He stated that the case is being examined under Section 16(b)(A) of the MACC Act 2009 and Section 471 of the Penal Code.

Zamri also noted that the individual is expected to be brought before the Kuala Lumpur Sessions Court tomorrow to face charges.

 The Sun Malaysia