A FORMER company CEO is in remand for three days beginning today to assist the Malaysian Anti-Corruption Commission’s (MACC) investigation into a corruption case involving US$2.5 million (RM10.5 million) over purchase of tablets.

The remand order, which expires on Saturday, was issued by magistrate Shah Wira Abdul Halim.

According to a MACC source, the 48-year-old man was believed to have accepted the money from an overseas company as gratification for the purchase of 10,000 tablets, worth US$5.8 million, between 2014 and 2018, in a deal made without the knowledge of the company’s board of directors.

The money was believed kept in foreign bank accounts, including Singapore and Hong Kong.

The man was arrested at MACC headquarters at 4.30pm yesterday after giving his statement.

MACC deputy chief commissioner (operations) Ahmad Khusairi Yahaya confirmed the man’s arrest. – Bernama, August 6, 2020.