Bank chairman in RM15m probe free after remand expires

Abdul-Aziz-Zainal

PETALING JAYA: Bank Rakyat Chairman Abdul Aziz Zainal is out on bail after the Malaysian Anti-Corruption Commission (MACC) decided not to extend his remand.

He was remanded for seven days last Tuesday for investigations into alleged graft and misuse of power, in a case involving a RM15 million book project and a project to upgrade the bank’s IT system

He was allowed to leave today by Magistrate Nik Isfahanie Tasnim Wan Ab Rahman upon the expiry of the remand order.

Aziz, 65, who heads the board of government-owned Bank Rakyat, was detained over alleged graft and misuse of power, in a case involving a RM15 million book project and a project to upgrade the bank’s IT system.

MACC Director of Investigations Azam Baki told Bernama last week that Aziz was picked up at the bank’s headquarters at 1.15pm on Aug 29.

According to Azam, a bank account belonging to Aziz, and said to have close to RM1 million in it, was also frozen as part of the investigation.

It was reported last week that Aziz was the second senior person from the bank who had been detained in relation to a probe into the RM15 million book project. Bank Rakyat Managing Director/President Mustafha Abdul Razak, 48, was arrested on Aug 25.

Three other persons were also detained following Razak’s arrest, one of whom was the former procurement director at the bank and two people who own a publishing company.

Bank Rakyat comes under the purview of the Domestic Trade, Cooperatives and Consumerism Ministry.

Aziz replaced Mat Noor Nawi as chairman of the bank from July 15 last year.

Mat Noor had served as chairman from April 28, 2014 after the tenure of his predecessor Sabaruddin Chik was not renewed by the then minister Hasan Malek.

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