MACC nabs five over alleged misappropriation of RM104mil in investment funds

PUTRAJAYA: Four company directors were among five arrested by the Malaysian Anti-Corruption Commission (MACC), in connection with a suspected fraud case totalling RM104mil involving public investment funds. According to a source, the individuals - four men and one woman between the ages of 50 and 60 years old - were detained at around 7pm Tuesday (Jan...

Public-funded bodies should avoid ‘excesses’, not mimic private firms, says Anwar

KUALA LUMPUR: Datuk Seri Anwar Ibrahim has reminded public-funded organisations not to operate like private entities in the implementation of their programmes and operations. The Prime Minister said this is to ensure there are no "excesses" that lean towards business interests, board members, or management. At the same time, the Prime Minister supported recommendations in the Auditor-General's...

Public-funded bodies should avoid ‘excesses’, not mimic private firms, says Anwar

KUALA LUMPUR: Datuk Seri Anwar Ibrahim has reminded public-funded organisations not to operate like private entities in the implementation of their programmes and operations. The Prime Minister said this is to ensure there are no "excesses" that lean towards business interests, board members, or management. At the same time, the Prime Minister supported recommendations in the Auditor-General's...