The MACC arrested 16 company directors last night on suspicion of being involved in the misappropriation of funds of the Malaysian Indian Transformation Unit (Mitra).

All the suspects aged between 24 and 68 were nabbed in a massive operation around the Klang Valley, which was held from yesterday.

According to sources, it is estimated that tens of millions of ringgit had been misused by the group members, who originally applied for Mitra grants...