Latest news with #N.Sivashangari
Malaysian Reserve
6 days ago
- Malaysian Reserve
Former local authority finance director remanded over alleged abuse of power
MELAKA — A former local authority finance director in Melaka has been remanded for seven days over alleged abuse of power involving RM50 million in public funds for share investments. The remand order against the 57-year-old man was issued by Magistrate N. Sivashangari and is effective from today until June 23. Earlier, the suspect, dressed in an orange lock-up uniform, arrived at the Ayer Keroh Court Complex at around 9am, escorted by several Malaysian Anti-Corruption Commission (MACC) officers. Yesterday, media reports stated that the suspect was arrested at around 1 pm while giving his statement at the MACC office in Melaka. According to sources, the suspect allegedly committed the offence between 2020 and 2023 by appointing his wife, a bank employee, as the investment agent for the RM50 million in share investments. Preliminary investigations revealed that the suspect is believed to have used public and trust funds without the approval of the financial controlling officer. State MACC director Adi Supian Shafie, when contacted, confirmed the arrest and said the case is being investigated under Section 23 of the MACC Act 2009. — BERNAMA
New Straits Times
6 days ago
- New Straits Times
Local council finance director remanded over alleged abuse of power
MELAKA: A former local authority finance director in Melaka has been remanded for seven days over alleged abuse of power involving RM50 million in public funds for share investments. The remand order against the 57-year-old man was issued by magistrate N. Sivashangari and is effective until June 23. Earlier, the suspect, dressed in an orange lock-up uniform, arrived at the Ayer Keroh Court Complex at 9am, escorted by several Malaysian Anti-Corruption Commission (MACC) officers. Yesterday, media reports stated that the suspect was arrested at 1pm while giving his statement at the MACC office in Melaka. According to sources, the suspect allegedly committed the offence between 2020 and 2023 by appointing his wife, a bank employee, as the investment agent for the RM50 million in share investments. Preliminary investigations revealed that the suspect is believed to have used public and trust funds without the approval of the financial controlling officer. State MACC director Adi Supian Shafie, when contacted, confirmed the arrest and said the case is being investigated under Section 23 of the MACC Act 2009. – BERNAMA
The Star
6 days ago
- The Star
Former Melaka local authority finance director remanded over misuse of RM50mil
MELAKA: A former director of the finance department of a local authority in the state has been remanded for seven days in connection with allegations involving the misuse of departmental funds amounting to RM50mil. The remand order for the 57-year-old suspect was issued by Magistrate N. Sivashangari at a Magistrate's Court in Ayer Keroh here on Tuesday (June 17) to allow the Malaysian Anti-Corruption Commission (MACC) to carry out further investigations. Earlier, the suspect, dressed in MACC lock-up attire, was brought to the Ayer Keroh Court Complex in a vehicle. On Monday (June 16), the media reported that the suspect, who is a former finance director of the PBT, was arrested for allegedly abusing his power by using RM50mil of the funds for stock market investments. According to sources, the suspect was detained at around 1pm on Monday (June 16) while giving a statement at the MACC office in Alai, here. It's understood that the suspect was believed to have committed the offence between 2020 and 2023 by appointing his wife, who works at a bank, as an investment agent for stock investments amounting to approximately RM50mil. Preliminary investigations revealed that the suspect had allegedly used public and trust funds without the approval of his superiors. The investigation is being conducted under Section 23 of the MACC Act 2009.
The Sun
6 days ago
- The Sun
Ex-Melaka official remanded over RM50m investment abuse
MELAKA: A former local authority finance director in Melaka has been remanded for seven days over alleged abuse of power involving RM50 million in public funds for share investments. The remand order against the 57-year-old man was issued by Magistrate N. Sivashangari and is effective from today until June 23. Earlier, the suspect, dressed in an orange lock-up uniform, arrived at the Ayer Keroh Court Complex at around 9 am, escorted by several Malaysian Anti-Corruption Commission (MACC) officers. Yesterday, media reports stated that the suspect was arrested at around 1 pm while giving his statement at the MACC office in Melaka. According to sources, the suspect allegedly committed the offence between 2020 and 2023 by appointing his wife, a bank employee, as the investment agent for the RM50 million in share investments. Preliminary investigations revealed that the suspect is believed to have used public and trust funds without the approval of the financial controlling officer. State MACC director Adi Supian Shafie, when contacted, confirmed the arrest and said the case is being investigated under Section 23 of the MACC Act 2009.
The Sun
6 days ago
- The Sun
Former local authority finance director remanded over alleged abuse of power
MELAKA: A former local authority finance director in Melaka has been remanded for seven days over alleged abuse of power involving RM50 million in public funds for share investments. The remand order against the 57-year-old man was issued by Magistrate N. Sivashangari and is effective from today until June 23. Earlier, the suspect, dressed in an orange lock-up uniform, arrived at the Ayer Keroh Court Complex at around 9 am, escorted by several Malaysian Anti-Corruption Commission (MACC) officers. Yesterday, media reports stated that the suspect was arrested at around 1 pm while giving his statement at the MACC office in Melaka. According to sources, the suspect allegedly committed the offence between 2020 and 2023 by appointing his wife, a bank employee, as the investment agent for the RM50 million in share investments. Preliminary investigations revealed that the suspect is believed to have used public and trust funds without the approval of the financial controlling officer. State MACC director Adi Supian Shafie, when contacted, confirmed the arrest and said the case is being investigated under Section 23 of the MACC Act 2009.
