Bank accounts with over RM39mil funds frozen in RM2.3bil misappropriation probe, says MACC

PUTRAJAYA: More than RM39mil in bank accounts, including those belonging to a former senior minister, two businessmen with the title 'Tan Sri' and their family members, have been frozen following an investigation into the misappropriation of national funds amounting to RM2.3bil.

The Malaysian Anti-Corruption Commission (MACC) said it involved 192 bank accounts, including 35 company accounts and 157 individual accounts.

It said that it has also recorded the statements of the two individuals with the title of 'Tan Sri', in addition to conducting searches at the residences and related premises involving a former senior minister and a businessman, on Wednesday (June 7).

All of them have been served notices in accordance with Section 36 of the MACC Act 2009 and Section 44 of the Anti-Money Laundering, Anti-Terrorist Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001, MACC said in a statement on Friday (June 9).

"Several documents related to the case have also been obtained," said MACC, adding that currently, it is actively obtaining information related to the misappropriation of the country's funds.

On May 19, it was reported that a former senior minister and a prominent businessman with the title of 'Tan Sri' were being investigated by the MACC, in accordance with the MACC Act 2009 and AMLATFPUAA 2001, regarding the misappropriation of RM 2.3bil of the country's funds.

The source said the investigation is a continuation and extension of the disclosure of confidential documents by the International Consortium of Investigative Journalists (ICIJ) regarding suspected transactions in several offshore financial centres.

MACC chief commissioner, Tan Sri Azam Baki, when contacted, confirmed the matter and said the investigation is focused on Section 23 of the MACC Act 2009 regarding the offence of misuse of power to obtain bribes and the offence of money laundering under Section 4(1) AMLATFPUAA 2001. – Bernama

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Nation

Four cable thieves nabbed after high-speed chase in Jasin
Sabah eyeing bilateral trade relations with Kazakhstan
Keep public informed on road closures due to upgrading works at Pasir Gudang Highway, local council urged
Three schools get additional allocation for upgrading work
Nomination for Pelangai by-election on Sept 23
Ancient inscription, two statues discovered at Bukit Choras dig site in Kedah
Education Ministry launches guidelines to address bullying, sexual harassment
Delivery rider nabbed over MRR2 road rage incident
Restaurant worker claims trial to stalking newsreader
Strong political will needed if KL is to rejoin Selangor, says Amirudin

Others Also Read