Malaysia's GDP down RM277bil due to corruption, says MACC chief


KUALA LUMPUR: Malaysia has lost an estimated RM277bil due to corruption between 2018 and 2023, roughly RM55bil annually, based on GDP estimates, says Tan Sri Azam Baki.

The Malaysian Anti-Corruption Commission (MACC) chief commissioner also cited a 2023 study by Emir Research, which estimated that Malaysia lost up to RM4.5 trillion between 1997 and 2022 due to various forms of leakages and misappropriation.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
MACC , 1MDB , Corruption , Overseas , Hidden Assets , GDP , RM277bil

Next In Nation

MetMalaysia issues Level 2 heatwave alert for Perlis, Kota Setar
Drastic hike in diesel price will trigger chain reaction in various sectors, says Dr Wee
PM Anwar to visit Jakarta tomorrow
Court awards RM6,000 to pupil injured by falling classroom fan in Selama
Depleting water levels recorded at 30 dams across peninsula, SPAN dashboard shows
Groups warn of price hikes, business closures amid soaring diesel prices
Major forest fire in Johor under control
Sabah govt to provide RM100,000 in assistance to Sabah Kidney Foundation, says Masidi
Delivery rider jailed four months for assaulting pregnant wife
Berjaya Sompo appoints Soo Wai Har as chief executive officer

Others Also Read