MACC to probe 'Tan Sri' over alleged money laundering amounting to RM500mil


PETALING JAYA: The Malaysian Anti-Corruption Commission is investigating a corporate figure with a Tan Sri title for allegations of money laundering believed to be linked to Sapura Energy Bhd’s shares, amounting to RM500mil.

Sources said the anti-graft body recorded the Tan Sri’s statement at its headquarters in Putrajaya on May 5 and May 6.

"No arrests have been made so far," the source said, adding that investigation papers have been opened.

"The investigations point towards elements of corruption involving investments following the merger of SapuraKencana Petroleum Bhd and Sapuracrest Petroleum Bhd, which later became known as SEB," the source said on May 8.

Raids were conducted at various locations, including Sapura's office at the Mines, Menara Permata Sapura (Sapura Holdings Sdn Bhd), and the individual’s homes in Selangor and Kuala Lumpur.

A total of 83 bank accounts belonging to five individuals and 15 companies, valued at RM158.26mil, have been frozen following the investigation.

"The focus of the investigation points towards offences under Section 23 of the MACC Act 2009, related to the offence of using office or position for gratification such as salary bonuses and shares, branding fees and private placements from 2012 to 2021," the source said.

The source added that the MACC is also investigating whether there is criminal breach of trust, misappropriation of funds, and forgery.

 

 

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