KUALA LUMPUR - The Malaysian Anti-Corruption Commission (MACC) expects to arrest more bank officials involved in money laundering with a financial consulting organisation soon.
MACC Chief Commissioner Tan Sri Azam Baki said they are reviewing misconduct involving the organisation and believe many individuals are part of the syndicate.
He said the current focus of Ops Sky, conducted by the MACC, is to track down the main suspects after 12 individuals involved in the activities were remanded at the Putrajaya Magistrate's Court on Tuesday (Jan 14).
"The MACC investigation division is confident and believes there are still many individuals involved in these activities," he said on Thursday (Jan 16).
"Efforts are ongoing to apprehend the main suspects, and investigations are still being conducted," he added.
He explained that investigations revealed the syndicate helped apply for loans from various banks while taking commissions once the loans were approved.
Azam added that the syndicate took around one percent of the approved loan value and distributed it among group members, including bank officials.
In the Ops Sky operation, 12 individuals were detained around the Klang Valley, including two directors of financial consulting firms, a foundation director, a manager, and a former sales manager of a banking institution.
Media previously reported that around 4,000 civil servants fell victim to a corruption and money laundering syndicate led by bank officials from several national financial institutions.
Many victims were deceived when the syndicate managed to infiltrate ministries and departments across the country.
