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Wednesday, 5 August 2026

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Bursa Malaysia Extends Rally as Global Records Lift Risk AppetiteAsian Shares Surge on AI Momentum as Oil RetreatsUS$620 Million Question Keeps 1MDB Fund Tracing Under ScrutinyChina’s Offshore Trust Tax Reset Reprices Cross-Border Wealth StructuresCapitaLand China Trust’s Lower H1 Distribution Tests the Recovery NarrativeUncontrolled Falcon 9 Moon Impact Puts Space-Debris Governance in FocusJapan’s Sixth Month of Real Wage Growth Strengthens the Consumption CaseMediAsas Sets a New Baseline for Malaysia’s Private Health CoverBursa Malaysia Extends Rally as Global Records Lift Risk AppetiteAsian Shares Surge on AI Momentum as Oil RetreatsUS$620 Million Question Keeps 1MDB Fund Tracing Under ScrutinyChina’s Offshore Trust Tax Reset Reprices Cross-Border Wealth StructuresCapitaLand China Trust’s Lower H1 Distribution Tests the Recovery NarrativeUncontrolled Falcon 9 Moon Impact Puts Space-Debris Governance in FocusJapan’s Sixth Month of Real Wage Growth Strengthens the Consumption CaseMediAsas Sets a New Baseline for Malaysia’s Private Health Cover

EXCLUSIVEMACC Arrests Former GLC CEO and CFO Over RM370 Million Plantation Share Deal

By Ganesh A/L Subramaniam3 min read
PUTRAJAYA 23 FEBRUARI 2023. Ibu Pejabat SPRM, Putrajaya. NSTP/ASWADI ALIAS.

Putrajaya, 5 August 2026 – The Malaysian Anti-Corruption Commission has arrested a former chief executive officer and former chief financial officer of a government-linked company over a RM370 million transaction involving shares in a plantation business.

The two former senior executives were detained to assist an investigation into the transaction, which involved the use of funds belonging to the government-linked entity. The identities of the suspects and the companies involved had not been publicly disclosed at the time of publication.

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Author

  • Ganesh specialises in Malaysia’s politics and crime, with a sharp focus on parliamentary affairs, national infrastructure, and development issues shaping the country’s future.