PETALING JAYA – The director of the finance department at a local authority in Melaka was arrested today on suspicion of abusing his position by misusing nearly RM50 million of public funds to invest in shares without approval.
Authorities allege the man, believed to be in his 50s, appointed his wife, who works at a bank, as the investment agent for the transactions. The offence reportedly took place between 2020 and 2023.
A source revealed that preliminary investigations suggest the suspect used both public and trust funds without the necessary authorization. The Malaysian Anti-Corruption Commission (MACC) detained him around 1 p.m. today after he was summoned to provide a statement at their Melaka office.
Melaka MACC director Adi Supian Shafie confirmed the arrest and said the case is being investigated under Section 23 of the MACC Act 2009. The suspect is expected to be brought before the Ayer Keroh magistrates’ court tomorrow for a remand hearing.
