2 Penang property magnates arrested by MACC

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GEORGE TOWN: A well-known Penang property developer with the title of “Datuk Seri” and his “Dato” son were arrested by the Malaysian Anti-Corruption Commission (MACC) today.

The father and son, aged 74 and 47, were arrested at the MACC headquarters on Northam Road at 7pm today on suspicion of involvement in corrupt practices.

In a statement, MACC said the case was being investigated in relation to an alleged “land scandal” involving Yayasan Bumiputra Pulau Pinang Berhad.

The two men are said to have big property developments in Tanjung Bungah and Kepala Batas.

MACC will obtain a remand order from the George Town Magistrate’s Court tomorrow.

“The land scandal involves the disposal of hundreds of acres of real estate, following an investigation of another Datuk arrested on March 29, involving the same Yayasan,” it said.

Two weeks ago, a 70-year-old Datuk was arrested by the MACC for alleged involvement in obtaining gratification worth millions through his position as a director of a foundation in Penang.

MACC’s investigations, sources say, were related to land transactions conducted by the foundation.

The Datuk was remanded for five days and later released on RM100,000 bail after the MACC failed to extend the remand at the Magistrate’s Court.