PUTRAJAYA, April 9 -- The Malaysian Anti-Corruption Commission (MACC) has remanded a former chief executive of a government statutory body and a company chairman over alleged collusion in a share sale deal linked to the agency.

The Magistrates' Court here granted a four-day remand until April 12 against both men after an application by MACC this morning.

According to sources, the suspects, aged in their 40s and 50s, were arrested at about 6pm yesterday when they turned up to give statements at the MACC headquarters in Putrajaya.

"Preliminary investigations found that both suspects are believed to have conspired to carry out the act between 2022 and 2023.

"Initial findings also indicate that the share sale transaction involved an unrea...