Luxury automobiles, yachts, and helicopters were confiscated from a Malaysian fraudster who monopolised government tenders.

Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  


The Malaysian Anti-Corruption Commission (MACC) confiscated RM3.5 million in cash (over N318 million), luxury cars, a yacht, and helicopters from a suspect who was the leader of a “project tender gang.”

The cartel, which is said to have been in force since 2014, has monopolised government tenders. The syndicate is thought to have used more than 150 firms to send tenders or quotes to ministries and agencies.

The 47-year-old businessman with the alias ‘Datuk’ was said to have accumulated a staggering sum of money and properties, including a luxury yacht and two helicopters.

 

MACC crippled the ‘project tender cartel’ with the arrest of seven individuals, including its mastermind, Daduk, in an operation conducted on Sunday night, April 4.

MACC Chief Commissioner Datuk Seri Azam Baki said, so far, investigators have arrested eight suspects.

“Although we’ve arrested the mastermind of the syndicate, a 47-year-old businessman with the title ‘Datuk’, we believe there are a few accomplices still out there. This is an ongoing investigation and based on the developments, we believe there are others involved,” he told a press conference on Wednesday, April 7.

A source added that also seized was RM29 million worth of properties, such as bungalows, shophouses and offices.

“A total 644 accounts, belonging to individuals and companies, worth about RM100 million, were also frozen. The wealth amassed by the ‘Datuk’, who is the head of the syndicate, is extraordinary,” the source said.

The suspects were said to have monopolised a total 354 tenders from several ministries and government agencies nationwide, involving projects worth a total RM3.8 billion.

READ ALSO:  Seven soldiers killed as Boko Haram takes military base in Borno.

The head of the syndicate created 150 different companies by employing several individuals as directors of companies which in fact belonged to the former.

The syndicate targets facility maintenance and development projects.

Investigations revealed all the companies had provided false information in terms of academic qualifications, professional certifications and financial statements to convince the tender board on their capabilities in implementing the projects.

RECOMMENDED READ:
American Rapper Black Rob Dies At 51

American rapper, Black Rob who was a member of Bad Boy Records and popular for his hit single, Whoa, is Read more

New Global Currency To Replace U.S. Dollar-Not Cryptocurrency

New global currency to replace U.S. dollar For the crypto haters, the replacement global currency is not a cryptocurrency. The Read more

AstraZeneca Vaccine: Canada Records Second Case Of Blood Clot After Shot

AstraZeneca Vaccine Canadian health authorities  on Saturday said:  "the country has recorded the second case of rare but serious blood Read more

READ ALSO:  Gunmen murder ex-CBN governor Charles Soludo, killing three police officers (graphic)
Simon Momo To Be Deported By Malaysian Govt. For Drink-drinking

Simon Adavize Momoh, wth his wife and two daughters Simon Adavize Momoh, wth his wife and two daughters, to be Read more

Helicopter Crash Kills 5 Soldiers ,2 Missing In Peru

Helicopter Crash Kills Five Soldiers in Peru At least five Peruvian servicemen have lost their lives in a helicopter crash Read more

Mother Confesses Killing Her 3 Kids – “I drowned them” –

An American mom of three, has confessed to killing her three children in a shocking interview. The 30 year old Read more

Barcelona Thrash Bilbao For Record 31st Copa del Rey

Messi and another team mate with the Copa del Rey Lionel Messi and Frenkie de Jong inspired FC Barcelona to Read more

Prince Philip, Queen Elizabeth II’s husband, was laid to rest (Photos)

The Queen and members of the royal family bid an emotional goodbye to the Duke of Edinburgh at his funeral Read more

READ ALSO:  Lil Nas X displays massive B00b Implants on his chest , says he got them after feeling bored[Photo]

Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Leave a Reply