Datuk Seri and son released on MACC bond (Updated)

GEORGE TOWN: A "Datuk Seri" property tycoon and his 47-year-old son with the title of "Datuk" were released on a Malaysian Anti-Corruption Commission (MACC) bond today after their six-day remand order ended.
They were released on an MACC bond of RM100,000 each with two sureties granted by magistrate court's registrar Ahmad Tajuddin Md Zin at a private hospital here in Jalan Macalister where the 74-year-old Datuk Seri was admitted due to high blood pressure.
Earlier, the 47-year-old son was brought to the hospital from the MACC lock-up accompanied by several anti-graft agency officers at about 10.40am.
About an hour later, the Datuk accompanied by MACC officers was driven away while the "Datuk Seri" remained warded.
Both father and son are being investigated under Section 23 of the MACC Act 2009.
The Datuk Seri who is an advisor at his public-listed property development company was held at the MACC office in Penang while his son, the company's managing director, was held at the MACC headquarters in Putrajaya.
The suspects had allegedly abused their powers by disposing land belonging to a subsidiary of Yayasan Bumiputra Pulau Pinang Berhad at rock bottom prices and without undergoing a formal process, causing the foundation losses amounting to millions of ringgit several years ago.
Investigators also learnt the company in Georgetown had undertaken several real estate projects in Penang, including in Bandar Kepala Batas and Tanjung Bungah.
Their detention comes after the arrest of a 70-year-old man who is also a "Datuk" and a trustee of a Yayasan, in Penang on March 29.