Five held over RM2.5m loan fraud - Malaysia Crime Infonet

White Eastern

Trending
Friday, April 01, 2016

Five held over RM2.5m loan fraud



PUTRAJAYA --- Five businessmen have been remanded for a week to assist investigations into a Majlis Amanah Rakyat (Mara) loan fraud involving RM2.5mil.

The suspects, aged between 38 and 48, were detained in the Klang Valley around 9pm on Wednesday by the Malaysian Anti-Corruption Commission (MACC).

An MACC spokesman said the mastermind was said to be a Mara officer who allegedly falsified applications to obtain and misuse business loans for other purposes.

He said the loans, ranging from RM200,000 to RM350,000, involved nine companies believed to have been active since 2013.

MACC also seized a Ford Ranger truck and a high-powered motorcycle.

In a separate case, MACC released three event management company contractors who were under a two-week remand to assist investigations into misappropriation of govern­ment funds.

The three men, aged between 41 and 59, were released on RM10,000 bail with one surety each.

Earlier, 10 individuals were detained, including a senior official from the Youth and Sports Ministry, in connection with the probe which caused the Government to lose about RM107mil.

Retrieved from The Star Online
Five held over RM2.5m loan fraud Reviewed by Unknown on Friday, April 01, 2016 Rating: 5 PUTRAJAYA --- Five businessmen have been remanded for a week to assist investigations into a Majlis Amanah Rakyat (Mara) loan fraud inv...


No comments: