Datuk Seri property tycoon hospitalised as remand expires

high-blood-pressureGEORGE TOWN: A father-son developer duo from Penang who were arrested over suspected corruption last week have been released on bond after a six-day remand by the Malaysian Anti-Corruption Commission (MACC).

The man with the Datuk Seri title, aged 74, and his son, a Datuk aged 47, posted RM100,000 each in MACC bonds today.

Magistrate’s Court registrar Ahmad Tajuddin Md Zin allowed the duo to be bailed out with a MACC bond of RM100,000 each with two sureties.

However, the Datuk Seri had already checked himself into a private hospital near Peel Avenue last night after an apparent ailment due to high blood pressure.

Tajuddin had earlier paid a visit to the warded Datuk Seri before rejecting MACC’s request to extend their remand by another six days.

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

In a statement last week, MACC said the case being investigated was related to a “land scandal” involving Yayasan Bumiputra Pulau Pinang Berhad.

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

Three weeks ago, a 70-year-old Datuk was arrested by 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 a RM100,000 bond after MACC failed to extend the remand at the Magistrate’s Court.