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HomeWorld NewsFormer Bank President Arrested? Why President Arrest In Malaysia Reason And Charges!

Former Bank President Arrested? Why President Arrest In Malaysia Reason And Charges!




Former Bank President Arrested? Why President Arrest In Malaysia Reason And Charges! This information is intended to inform you about the arrest and charges against the former chief executive officer at a bank. Sources claim that the suspect was the CEO of a bank for development. People are eager to find out the identity of the suspect and the charges against him since the news broke. According to reports, the Malaysian Anti-Corruption Commission has decided to keep the identity and charges against the former CEO secret until the investigation is complete. We still have important information that you can use to guess the name of the former CEO of a bank for development.

Former Bank President Arrested? Why President Arrest In Malaysia Reason And Charges!




Former Bank President Arrested

Let’s first say that the ex-chief executive officer of a bank for development is being accused of taking a bribe in excess of RM24million. The 55-year-old man, who was arrested as the former chief executive officer of a development bank, was also taken into custody on Friday 22 July 2022 at 4 pm in Ipoh. He has been sent to the Malaysian Anti-Corruption Commission.

On Saturday, 23 July 2022, the accused in the bribery matter of RM24million was presented to the Magistrate R. Prabakaran. The Magistrate granted permission to the authority for him to be taken into custody within three days for the investigation. The investigation revealed that a 55-year-old former CEO was also arrested in connection with three other individuals, including the chief executive officer of a subsidiary bank.

According to reports, the other CEO of a subsidiary bank is a female aged 50 and is also the main suspect in this case. The source claims that the former CEO of a bank development bank was arrested and taken to jail for three days. According to the source, the bank’s former CEO was instrumental in approving a loan of RM294million to a local business that was founded in 2019.




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