MACC chief: 16 corporate directors accused of embezzling Mitra funding, arrested
The Malaysian Anti-Corruption Commission (MACC) detained 16 directors of companies on suspicion of involvement in the theft of cash from the Malaysian Indian Transformation Unit (Mitra).
All of the suspects, who ranged in age from 24 to 68, were apprehended as part of a large operation throughout the Klang Valley on Monday.
According to reports from sources, the organization that initially filed for Mitra funding to organize socioeconomic programs for the Indian minority allegedly misappropriated tens of millions of ringgits.
Investigating the situation would include looking into all of Mitra’s funding requests and expenditures, dating back to 2018.
He said they had projected that about 60% of grant allocations obtained by businesses, individuals, and foundations for the purpose of implementing socioeconomic programs did not reach the target demographics or recipients.