KUALA LUMPUR (Oct 28): The Malaysian Anti-Corruption Commission (MACC) is reviewing all applications, expenditure reports and programmes said to have been implemented by recipients of the Malaysian Indian Transformation Unit (MITRA) allocations from 2019 to 2021. “The highest allocation approved by MITRA was in 2019 for over RM90 million. Of the amount, eight companies obtained grant allocations of over RM1 million,” added the source. On Tuesday (Oct 26), the MACC announced the detention of 16 company directors suspected of being involved in the misappropriation of MITRA funds. “The MACC investigation is in phase two, with phase one focusing on about 27 companies, associations and NGOs which had received between RM1 million and RM9 million.

Source: The Edge Markets October 29, 2021 05:09 UTC