Ex-bank president nabbed for allegedly receiving bribe to approve RM400m loan

A former bank president-cum-managing director with the ‘Datuk’ title was among four individuals arrested by the MACC yesterday for allegedly receiving bribes to approve a financial loan of RM400 million.

The four, aged between 49 and 53, were arrested around Kuala Lumpur and they are being remanded for three days from today until April 2 after appearing before the magistrate’s court...