PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has seized a further 4,000 documents to assist in the investigation into a syndicate after RM700mil in loans were approved for civil servants involving a financial consulting company and bank officers in several financial institutions.
This follows MACC's success in uncovering the syndicate's activities in 24 locations including homes and offices and the arrest of 12 individuals around the Klang Valley on Monday (Jan 13).
MACC chief commissioner Tan Sri Azam Baki said it is expected that 16 individuals, including bank officers and consulting company employees, will be called to assist in the investigation and may be arrested,
"As of today, 4,000 documents have been seized and are being investigated," Malay language daily Sinar Harian quoted Azam as saying on Friday (Jan 17).
"The bank officials arrested were of various positions and have been working between five and 20 years.
He said the officers who manage loans will receive 0.5% to 1% of the loan value and in some cases, bank officers would receive RM5,000 for a single loan case.
ALSO READ: MACC to arrest more bank officials in money-laundering probe
Azam said MACC is listing the borrowers and they will be called up to provide statements in the near future.
In the Ops Sky raid, MACC also froze 70 company and individual accounts involving a value of RM16.2mil and seized nine vehicles of various makes.
The operation was in collaboration with Bank Negara where more than RM300,000 in cash in addition to HK$95,000 and 17 luxury watches estimated to be worth more than RM11.1mil seized.
MACC investigations also showed that since 2020, the consulting companies involved in the operation had used the illegal proceeds to purchase assets, properties and luxury vehicles for personal gain.
