Datuk remanded in 1MDB probe released on $35,920 bail

PUTRAJAYA - The "Datuk" director who was remanded to assist in the 1Malaysia Development Bhd (1MDB) probe has been released on bail.

The 54-year-old, a managing director of a firm related to 1MDB, was released one day before his five-day remand expired as his statement has been recorded by the Malaysian Anti Corruption Commission (MACC).

Magistrate Nik Isfahanie Tasnim Ab Rahman allowed the man to be released on a bail of RM100,000 (S$35,920) with two guarantors.

He was the second person to be nabbed by task force investigating the 1MDB issue and also the second to be released from remand.

The managing director was nabbed at a hotel in Mutiara Damansara by MACC officials on Tuesday and taken to the commission's headquarters to be questioned, before he was arrested.

He was probed under Section 17(a) of the MACC Act, which covers bribery.