Two men have been detained after Malaysia’s anti-graft agency raided several companies involved in a controversial RM6.3 billion (S$2.1 billion) undersea tunnel project in Penang.
The suspects, believed to be senior executives in property development and construction companies, were brought before the magistrate’s courts in Putrajaya and George Town yesterday. They were remanded for six days, until Jan 15.
Malaysian Anti-Corruption Commission (MACC) investigators are believed to be focusing on RM305 million worth of feasibility and detailed design studies for the project that has yet to be completed, even though RM220 million had been paid to a special purpose vehicle for that purpose.
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