Economy

MACC arrests Warisan Youth chief, 2 Umno Youth leaders

MACC arrests Warisan Youth chief, 2 Umno Youth leaders”

Minister Ismail Sabri Yaakob said that MACC, which is now probing how RM1.5 billion meant for rural projects in Sabah was siphoned out, has collected documents on road and water projects from the ministry.

He said the move by the MACC had always been expected and should be supported because many stories had been heard since 2010 when the National Key Result Area (NKRA) (Rural) was alleged to have been abused by a federal ministry which resulted in the projects purportedly being delayed, uncompleted and also reported to be ready but could not be used.

It said the other two were Jamawi Jaafar, who heads the Tenom Umno Youth wing, and Ariffin Kassim, who is Tawau Umno Youth leader.

Azis said officers from the Malaysian Anti-Corruption Commission (MACC) went to his house at about 8pm when he was out.

Azis said that as far as he knows, he is the only one called to meet with MACC tomorrow.

However, Azis is expected to return to the MACC office at 10.30am on Monday.

Azis was called by MACC last night to give his details as the graft-busting agency widens its probe into funds misappropriated from projects that were supposed to be carried out by the Rural and Regional Development Ministry.

MACC has so far arrested three people including Warisan vice-president and businessman Datuk Peter Anthony, a former assistant development secretary of the Rural and Regional Development Ministry in Putrajaya, and a construction company owner.

The sacking was preceded by months of both men questioning Prime Minister Najib Razak over the 1Malaysia Development Bhd scandal.

The funds allocated for these projects over the past six years totalled RM7.5 billion.

Malaysia's probe into allegations that senior civil servants embezzled funds meant for the rural poor in Sabah state has revealed that as much as RM1.5 billion (S$483 million) was stolen over the past six years, as former Cabinet minister turned opposition politician Shafie Apdal called the probe a "political assassination" targeted at him.

On Friday, Azam said that figure had now ballooned to a staggering RM1.5 billion.

Dzulkifli today said Azam was the MACC's pointman in the ivestigation.

On Wednesday, more than RM150 million were seized when investigators swooped in on 15 locations in Sabah during an operation.

"Don't look for me".



Like this

loading...
loading...

Latest


09 October 2017
Reaffirms "Overweight" Rating for American Axle & Manufact. Holdings, Inc. (AXL)
AXL share have plunged by -6.89% in percentage terms since the start of the year - and added 19.64% in the last month. A ratio greater than one indicates an undervalued company, while a ratio less than one means a company is overvalued.

09 October 2017
Ameriprise Financial Inc. Grows Holdings in Lazard Ltd. (LAZ)
It improved, as 55 investors sold ABBV shares while 581 reduced holdings. 39 funds opened positions while 51 raised stakes. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock.

09 October 2017
Hate crimes at Hampshire mosques drop but rise nationally
The number is more than twice as much as a year ago , with 47 incidents recorded in the same period, Daily Sabah reported. The data was obtained by the Press Association through Freedom of Information requests to United Kingdom police forces.

09 October 2017
Royal Mail will apply for High Court injunction
The CWU last week said that 89.1 per cent of members who voted had been in favour of a strike, with a turnout of 73.7 per cent. CWU general secretary Dave Ward has called it a "watershed dispute" that will determine the future of the postal service.

09 October 2017
Middle Earth: Shadow of War Has A Huge File Size
As noted by a post on NeoGAF , the file size for Middle Earth: Shadow of War on PC is a whopping 97GB!. And Gun Media will launch a retail edition of Friday the 13th: The Game for the PS4 and Xbox one.

09 October 2017
Costco Wholesale Corp (NASDAQ:COST) Institutional Investor Sentiment Analysis
It is negative, as 57 investors sold DD shares while 439 reduced holdings. 60 funds opened positions while 92 raised stakes. That's a potential 14.89 increase relative to where Costco Wholesale Corporation (NASDAQ: COST ) has been trading recently.

09 October 2017
Cytori Therapeutics Inc (CYTX) Valuation According To Analysts
For CYTX , the company now has 9.46 million of cash on the books, which is offset by 6.74 million in current liabilities. There are advantages to using a moving average in your trading, as well options on what type of moving average to use.

09 October 2017
Order Nnamdi Kanu's arrest, extradition from the UK | Kinsman tells court
But, efforts to get police reaction were unsuccessful as the Police Public Relations Officer in the state, Mr. Army raids Kanu's home, denies taking household items. .

09 October 2017
MEMBERS Trust Co Lowers Stake in General Mills, Inc. (GIS)
Several brokerages have issued reports on GIS. (The) restated a "sell" rating on shares of General Mills in a report on Wednesday. (NYSE: GIS ) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.

09 October 2017
Denbury Resources Inc. (NYSE:DNR) Quarterly growth Review
For DNR , the company now has 3.51 million of cash on the books, which is offset by 83.46 million in current liabilities. The analysts estimated mean EPS at 0.02 while the high and low EPS estimate stand at 0.08 and -0.05 respectively.