The chairman of a bank (centre), who was held in remand over an MACC probe into misuse of funds totalling RM15 million involving the publication of a book, is being escorted at Putrajaya. Pix by Ahmad Irham Mohd Noor

PUTRAJAYA: The chairman of a bank was released today on a bond without deposit in one surety following the expiry of his remand.

Magistrate Nik Isfahanie Tasnim Wan Ab Rahman allowed the chairman to be freed after the Malaysian Anti-Corruption Commission (MACC) did not apply to extend the remand period, according to an MACC spokesman.

The chairman had been held in remand over an MACC probe into misuse of funds totalling RM15 million involving the publication of a book. He was detained at the MACC headquarters on Aug 29.

The MACC also detained eight other people, three of them women, on Aug 25 to help in the probe. They were the bank managing director, a manager, two lawyers, three owners of a publication company and a book writer.

The MACC has released everyone except one of the owners of the publication company who has been remanded for seven more days up to Sept 8. -- Bernama