RM230 Million Probe: Deputy President of Ikram and Company Director Remanded for Further Investigation
PUTRAJAYA, April 26 — A deputy president of Ikram and a company director linked to a RM230 million NGO fund misappropriation case have had their remand extended by five days to assist in ongoing investigations.
The extension was granted by the Shah Alam Magistrate’s Court following an application by the Malaysian Anti-Corruption Commission after the initial remand period expired.
Custody Extended to Facilitate Probe
The suspects were previously held for four days starting Wednesday.
With the new order, they will remain in custody until April 30 as investigators continue gathering evidence.
Bank Accounts Frozen to Trace Funds
MACC has frozen 33 bank accounts believed to hold approximately RM150 million as part of efforts to trace financial flows linked to the case.
The measure is intended to prevent further movement of funds while the investigation is underway.
Investigation Under MACC Act
Selangor MACC director Mohd Azwan Ramli confirmed that the case is being investigated under the MACC Act 2009.
Authorities are expected to scrutinise financial records and determine the roles of individuals involved.
High-Value Case Under Close Watch
The case has drawn significant public attention due to the large amount involved and allegations of misuse of public contributions.
Officials have stressed that the investigation will be conducted thoroughly to ensure accountability and uphold legal standards.
-wilayah.com.my
