Malaysia: Graft probe into Sabah Water Department uncovers another S$10 million in foreign banks
Author(s): Kota Kinabalu | Date: October 11, 2016 | Language: English
Source: http://www.straitstimes.com/ | URL: https://goo.gl/lhfU5k | Type: Text
On the first day of its raid, the Malaysian Anti-Corruption Commission (MACC) seized RM114 million (S$37.9 million) worth of assets – RM53.7 million in cold cash – from two senior Sabah Water Department officials. Six days later, they traced RM30 million more stashed in foreign banks and another RM30 million in land titles.
In a shocking corruption case involving the department’s director Ag Tahir Ag Talib, 54, and his deputy Teo Chee Kong, 52, investigations uncovered a money trail leading to Singapore, Australia and New Zealand.
Both men, who were detained on Oct 4, allegedly amassed nearly RM200 million from a massive and well-structured scheme.
They are being investigated for alleged abuse of power and money laundering linked to contracts for federal-funded projects given out by the Water Department in Sabah since 2010.
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