MACC investigates Tan Sri for laundering money linked to Sapura Energy shares
THE Malaysian Anti-corruption Commission (MACC) has opened an investigation paper against a corporate figure with the title 'Tan Sri' for suspected involvement in money laundering practices involving the ownership of Sapura Energy Bhd shares worth more than RM500 million.
A source close to MACC told The Malaysian Reserve (TMR) that the investigation focuses on elements of corruption involving several investments after the merger of Sapura Kencana Petroleum Bhd (SKPB) and Sapuracrest Petroleum Bhd, which was later known as Sapura Energy.
'The focus of the investigation is on offences under section 23 of the MACC Act 2009, namely the offence of abuse of power in the issue of remuneration (salary, bonus and shares), branding fees and private placement from 2012 to 2021,' said the source.
'The source also revealed that the 'Tan Sri' was summoned to the MACC headquarters on May 5 and 6 to provide a statement, though no arrests have been made to date.
'A total of 83 bank accounts belonging to five individuals and 15 companies involving a value of approximately RM158.26 million have been frozen following this investigation,' added the source.
Sapura Energy courted controversy in 2018 when Permodalan Nasional Bhd (PNB), Malaysia's biggest unit trust fund, subscribed to its RM3 billion ordinary share issuance and RM1 billion Islamic redeemable convertible preference shares, becoming its single largest shareholder.
In March this year, the government injected RM1.1 billion into Sapura Energy, specifically announced as a funding to settle outstanding debts to over 2,200 local vendors. — TMR
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
an hour ago
- The Sun
RHB Islamic hands over business zakat of RM1 million to MAIPs
KANGAR: RHB Islamic Bank Berhad (RHB Islamic) handed over business zakat of RM1 million to the Perlis Islamic Religious and Malay Customs Council (MAIPs) today. Its managing director, Datuk Adissadikin Ali said the total, the highest the bank has ever handed over, rose by RM350,000 compared to last year's RM650,000, and reflected the bank's commitment to strengthen cooperation with the council to empower the asnaf and B40 community. 'The zakat handover marks our continued support towards programmes that have high impact on domestic happiness,' he said during a speech at the handover here today, which was graced by Raja Muda of Perlis Tuanku Syed Faizuddin Putra Jamalullail, in his capacity of MAIPs president, and with council chief executive officer Mohd Nazim Mohd Noor in attendance. He added that from 2021 till this year, RM532,449 in zakat wakalah has been channelled by the bank to six MAIPs-linked economic empowerment and community programmes, including Harvest Bakery, a sewing and mobile phone repair workshop, which have benefitted almost 200 individuals. 'The projects not only provide skill and practical training but prepares complete facilities to ensure the generation of sustainable income,' he said. He also announced additional contributions of RM313,000 under the 2025 Perlis Asnaf Economic Development Project to finance catfish farming projects at two locations, Jalan Kaki Bukit Paya, Kangar and Taman Desa Asnaf Chuping near Padang Besar.
Barnama
an hour ago
- Barnama
RHB Islamic Hands Over Business Zakat Of Rm1 Mln To MAIPs
KANGAR, June 13 (Bernama) -- RHB Islamic Bank Berhad (RHB Islamic) handed over business zakat of RM1 million to the Perlis Islamic Religious and Malay Customs Council (MAIPs) today. Its managing director, Datuk Adissadikin Ali said the total, the highest the bank has ever handed over, rose by RM350,000 compared to last year's RM650,000, and reflected the bank's commitment to strengthen cooperation with the council to empower the asnaf and B40 community. 'The zakat handover marks our continued support towards programmes that have high impact on domestic happiness,' he said during a speech at the handover here today, which was graced by Raja Muda of Perlis Tuanku Syed Faizuddin Putra Jamalullail, in his capacity of MAIPs president, and with council chief executive officer Mohd Nazim Mohd Noor in attendance. He added that from 2021 till this year, RM532,449 in zakat wakalah has been channelled by the bank to six MAIPs-linked economic empowerment and community programmes, including Harvest Bakery, a sewing and mobile phone repair workshop, which have benefitted almost 200 individuals. 'The projects not only provide skill and practical training but prepares complete facilities to ensure the generation of sustainable income,' he said. He also announced additional contributions of RM313,000 under the 2025 Perlis Asnaf Economic Development Project to finance catfish farming projects at two locations, Jalan Kaki Bukit Paya, Kangar and Taman Desa Asnaf Chuping near Padang Besar. BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial , @bernamatv , @bernamaradio Twitter : @ , @BernamaTV , @bernamaradio Instagram : @bernamaofficial , @bernamatvofficial , @bernamaradioofficial TikTok : @bernamaofficial
The Star
an hour ago
- The Star
Over RM4mil in 1MDB-linked funds in Swiss bank account recovered by MACC
PETALING JAYA: Over RM4mil traced to a Swiss bank account and linked to the embezzlement of 1Malaysia Development Berhad (1MDB) funds was successfully recovered recently by the Malaysian Anti-Corruption Commission (MACC). The commission said in a statement on Friday (June 13) that the sum of USD954,299.58 found in a BSI bank account was returned to the Malaysian government. The MACC said the forfeiture was granted by High Court judge Muniandy Kannyappan on learning from the prosecution that no objections or claims were made by any party in relation to the funds during proceedings at the Kuala Lumpur High Court on Friday. The commission said judge Muniandy allowed the funds, which were in a bank account registered in the name of Derivale Limited and named one Azlin bin Alias as the beneficiary, to be forfeited to the Malaysian government through the MACC. The forfeiture was made under Section 56 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001). The case was also the MACC's first success in recovering overseas assets without resorting to the process of prosecution. Follow us on our official WhatsApp channel for breaking news alerts and key updates!
