Two suspects—a deputy president of an NGO and a company director—were released on bail by the Malaysian Anti‑Corruption Commission (MACC) after being remanded over alleged misappropriation of RM230 million.
MACC Probes RM230m Misappropriation of NGO Funds
Investigators believe the funds were transferred into a company account for personal and investment purposes. MACC confirmed freezing 33 bank accounts worth RM150 million and seizing assets valued at RM18.3 million, including 14 properties.
The suspects, aged between 50 and 60, were detained in Klang Valley on April 21. MACC said the NGO received donations and commissions intended for aid, but funds were allegedly diverted.
Follow us on:
Read More News at #latestmalaysia #BusinessNews and #WorldFuture
