An MACC source said the suspects, in their 50s and 60s, are believed to have colluded to commit the offences between 2018 and 2024.

Two of the men are company directors.

The source said the NGO involved had received the zakat funds from the public that were meant to be redistributed to those in need.

“Investigations found that the deputy chairman of the NGO had transferred the RM230 million into his company’s bank accounts for personal and investment purposes,” the source said.

Two of the men were arrested between 3pm and 5pm today in an operation around the Klang Valley. The other suspect was detained at 2pm while giving a statement at the Selangor MACC headquarters.

In the operation, MACC also seized 18 luxury vehicles, including Porsches and a Mercedes-Benz, as well as properties worth RM11 million. Also seized were various other assets, including luxury watches and cash.

MACC has also frozen 33 bank accounts holding a total of RM120 million.

Selangor MACC director Azwan Ramli confirmed the arrests and seizures, and said the suspects will be brought to the Shah Alam magistrates’ court tomorrow to be remanded.