Indonesian Political, Business & Finance News

Former CEO and CFO Detained in RM370 Million Share Case Linked to Tabung Haji

| Source: CNBC Translated from Indonesian | Legal
Former CEO and CFO Detained in RM370 Million Share Case Linked to Tabung Haji
Image: CNBC

The Malaysian Anti-Corruption Commission (MACC) has detained the former chief executive officer and former chief financial officer of a Malaysian public legal entity. Both are suspected of abusing their authority in the acquisition of shares in two plantation companies valued at RM370 million (approximately Rp1.4 trillion).

The detention is part of a follow-up to the findings of the Royal Commission of Inquiry (RCI) regarding Tabung Haji. MACC Chief Commissioner Datuk Seri Abd Halim Aman confirmed the arrests, stating the case is being investigated under Section 23 of the MACC Act 2009 for alleged abuse of power.

The two suspects, aged 68 and 60 respectively, were detained after giving their statements at MACC headquarters on Tuesday around 6.30 pm local time. However, both were released later that night on health grounds. MACC stated the former officials are scheduled to return to the anti-corruption agency’s headquarters on Wednesday at 10.00 am local time to continue the statement-taking process as part of the ongoing investigation.

According to MACC, the case is being handled by a special task force established to review and examine the RCI’s findings related to the management of Tabung Haji. The investigation is focused on the alleged abuse of power in the share acquisition transaction of the plantation companies worth hundreds of millions of ringgit.

The RCI findings on Tabung Haji were published through the Department of Islamic Development Malaysia’s official portal on 29 July 2026. The publication of the report serves as the basis for authorities to follow up on several alleged violations uncovered during the inquiry process. MACC has stressed that the examination of the two former company executives is still ongoing, and the results of the investigation will determine the next legal steps in accordance with the provisions of the MACC Act 2009.

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