Top company execs held in arms deal probe

The investigation is about equipment involving Gempita and Adnan (picture) armoured vehicles for the Army. (Facebook pic)

PETALING JAYA: Two senior company executives have been remanded by the Malaysian Anti-Corruption Commission for investigations into equipment supplied for the Malaysian army’s armoured combat vehicles.

The government-linked conglomerate DRB-Hicom has confirmed a media report about the MACC investigation into its subsidiary, Defence Technologies Sdn Bhd. In a statement this evening, the company said it would give full cooperation to the authorities in this matter.

The two executives are the chief executive, aged 53, and the chief financial officer, aged 45.

The MACC investigation is about contracts worth RM17 million for the supply of equipment for the Deftech AV8 Gempita and ACV-300 Adnan armoured combat vehicles between 2014 and 2017, according to Malaysiakini.

MACC deputy chief commissioner (operations) Azam Baki was quoted as saying that about RM100,000 in cash had been seized as part of the investigation, as well as documents related to the project.

The Gempita is an eight-wheeled armoured vehicle and the Adnan a tracked armoured vehicle. They are produced by Defence Technologies Sdn Bhd in Pekan. The two vehicles are based on a Turkish design.

The Malaysian army has 267 Adnan ACV-300 and 257 AV8 Gempita vehicles in service.