Company director, law firm owner arrested over RM38mil forex case

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has arrested a company director and a law firm owner on suspicion of submitting false information related to foreign currency investments, totalling RM38 million.

Sources indicate that the two men, both in their 50s, were suspected to have submitted false information, including investment plans, insurance protection schemes and weekly reports, in 2020.

The suspects were apprehended while giving their statements at the MACC headquarters and the MACC office in Seberang Perai, Penang, at 5pm yesterday.

Following their arrest, the suspects were brought before the Putrajaya magistrates’ court and a two-day remand order from today was obtained.

When contacted, MACC investigation division senior director Hishamuddin Hashim confirmed the arrests, adding that the case is being investigated under Section 18 of the MACC Act 2009.

(Remarks: Our Senior Partner, Datuk Wira Mohd Hafarizam Harun acting for complainant)