GEORGE TOWN: A private college here has had its six bank accounts frozen by the authorities, following a money-laundering probe involving one of its directors.
A source told FMT that the action was believed to be part of a multi-agency investigation by the police, Inland Revenue Board and the Malaysian Anti-Corruption Commission (MACC) into a businessman, who is also a director of the college.
The source said, as a result, the salaries of 200-odd staff of the college are in limbo as the accounts have been frozen by the authorities for “at least three months”.
It was also learnt the Seberang Perai-based businessman, his business partners and associates’ 200-odd accounts have been frozen as well.
The source also told FMT that the latest action on the college director and his business associates was part of a larger dragnet following a crackdown.