KUALA LUMPUR, July 7 -- Three people, including two company directors, have been arrested by the Malaysian Anti-Corruption Commission (MACC) in Kedah over allegations they used false documents in an attempt to obtain about RM20 million in financing for paddy and rice purchases that investigators say never took place.

In a statement today, the anti-graft agency said the suspects, who are involved in the rice and paddy production and processing business, are suspected of submitting documents containing false particulars to a development financial institution under the Trade Working Capital Financing-I facility.

The financing, worth about RM20 million, was intended for the purchase of paddy and rice.

According to the MACC statement, one o...