KUALA LUMPUR: A businessman with the Tan Sri title was arrested upon his return from Osaka, Japan, for allegedly defrauding the public of RM10 million.

The money was reportedly handed over to the police in an attempt to resolve cases linked to money laundering.

According to sources, the man in his 50s and with 30 years experience in the oil and gas industry was detained by Bukit Aman's Anti-Money Laundering Criminal Investigation (AMLA) Unit as soon as he arrived at his home in an upscale residential area earlier today.