MACC probes potential misappropriation of govt funds at oil and gas firm


PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) is investigating the possibility that parts of the sum injected by the government into Sapura Energy were misappropriated by a high-ranking official, according to Tan Sri Azam Baki.

The MACC chief commissioner stated that statements have been recorded from 15 witnesses, with no arrests made so far.

He noted that they are also examining assets owned by the official involved, including two homes valued at RM5.5mil.

"Investigations are ongoing into whether some RM12mil was misappropriated under Section 23 of the MACC Act," Azam said at a press conference at the MACC headquarters on Wednesday (June 25).

"Investigations will focus on 2018, as during that time, Permodalan Nasional Berhad made an injection into Sapura Energy.

"This means that if there is misuse of funds, it will fall under either the MACC Act or other offences under the Penal Code," he explained.

On a related case involving the same company, Azam mentioned that investigations into alleged bribes worth US$3.3mil received from a foreign-based company will take time due to foreign legal jurisdictions.

"We need to make various applications, including mutual legal assistance from the relevant countries.

"It will take some time as it involves foreign legal jurisdictions and we need more information from them.

"Once we get this, we will continue investigations locally," he added.

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

RM200,000 allocation announced for more solar-powered street lights along Kangkar Bahru-Yong Peng road
Timely aid for single mothers, cancer patients, dialysis patients in Ayer Hitam
Over 860,000 self-employed individuals contribute to Perkeso, art sector still lowest
Woman drowns after MPV plunges into Sungai Muar
Sultan of Selangor receives coffee table book published by Bernama
'Millionaire Man' hands out RM100 cash to Klebang Beach visitors
Motorcyclist killed, wife injured in crash with lorry near Ipoh
Two injured in NSE crash between lorry and bus with 10 passengers
List out today: Recruits must confirm by Dec 25 for PLKN 3.0 Series 1 2026
Malaysia to establish Ombudsman to strengthen public sector integrity

Others Also Read