Ex-bank CEO remanded for corruption involving RM24m

A former chief executive officer (CEO) of a bank with the title “datuk” was remanded for three days from today for investigation over a case involving gratification amounting to more than RM24 million for approving a loan of more than RM294 million applied by a local company 10 years ago.

The remand order against the 50-year-old man was issued by magistrate R Prabakaran following an application by the MACC.