RM50 Million Stashed At GLC Officer’s House

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SHAH ALAM – The Malaysian Anti-Corruption Commission (MACC) has found RM50 million stashed in one of the Government-Linked Companies (GLC) senior officer’s house during a raid in Sabah, yesterday.

Sources said, MACC also found a large amount of cash in one the suspect’s vehicle.

“Early investigation revealed one of the suspects, the leader to the second suspect has a special room to store the money.

“He did not keep it in a bank, instead he keeps it at home.There were several expensive jewelries and watches of various brands,” he said to Sinar Harian.


Investigation was carried out following MACC’s arrest of the two officers,suspected to have misused their power by monopolizing and giving projects under their department to relatives.

Both suspects aged 54 and 51 were arrested at their office in Kota Kinabalu, Sabah at around 9.15 am yesterday.

Yesterday, MACC also confiscated more than RM3 million worth of cash stored in safe at one of the senior officer’s office.

Both of the senior officers ranked director and deputy director at a government’s office handled basic infrastructure construction projects worth more than RM3.3 billion since 2010 and has monopolized all the projects and gave it to their relatives.

Since 2010, they have acquired more than RM50 million worth of riches as a result of their misappropriation of power.

Meanwhile, another suspect was found with nearly RM3 million cash and savings worth millions of ringgits.

MACC will also obtain remand against both of them today at Kota Kinabalu, Session Court.

Following the arrest, (Operations) Director Deputy Chief, Datuk Azam Baki will hold a press conference in Kota Kinabalu, this evening. – Sinar Online