PUTRAJAYA: The former managing director and former executive director of a wellness company have been arrested by the Malaysian Anti-Corruption Commission (MACC) on suspicion of embezzling the company's funds amounting to millions of ringgit.
A source said the two men, aged 50 and 55, were the main suspects in a case of fund embezzlement in connection with the purchase of massage oils, estimated at RM9mil.
They were detained at 9pm at the MACC headquarters here yesterday (April 13) when they turned up to give their statements.
The suspects allegedly misappropriated the money by purchasing massage oils at a higher price than the market price through a supplier company believed to be a proxy, causing the company to suffer an estimated loss of RM1.8mil, said the source.
The suspects were remanded from today (April 14) until April 17 after Magistrate Irza Zulaikha Rohanuddin allowed MACC's application at the Putrajaya Magistrate's Court here.
MACC Investigation senior director Datuk Seri Hishamuddin Hashim confirmed the arrest, adding that the case is investigated under Section 16 of the MACC Act 2009.
Yesterday, three women, in their 50s, were remanded for five days until April 17 to assist investigations in connection with the case.
Two of them are directors of a massage oil supplier company, while the other is the wife of the former managing director of the wellness company. - Bernama
