Malaysian authorities on Thursday arrested the chief executive and other senior managers of an Islamic conglomerate accused of running charity homes where children were allegedly sexually abused, amid a widening police dragnet in the case.

Malaysian police on Thursday detained the CEO and other top leaders of an Islamic business group that is under investigation after hundreds of children believed to be sexually abused were rescued this

Malaysian police on Thursday arrested the chief executive of a company allegedly linked to a cult that is under investigation over accusations of physical and sexual abuse involving hundreds of children.

Malaysia announced on Friday tax breaks and incentives for the troubled Forest City development, a $100 billion project backed by Chinese developer Country Garden Holdings, in a bid to lure investments and spur economic growth in the area.

Malaysia is offering 0% tax rate for family offices to set up shop in its struggling mega-project Forest City, as it looks to revive investor interest in the $100 billion development near its border with Singapore.

The government is also offering lower income tax rates for foreign workers as well as concessionary corporate tax rates to attract international firms.