MACC seizes RM32mil in assets belonging to 'Tan Sri' in highway funds probe
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has seized various assets worth RM32mil believed to belong to a highway concessionnaire with the title 'Tan Sri', following an investigation into the misappropriation of highway construction funds in the Klang Valley.
According to a source, among the items seized were handbags, jewellery, luxury vehicles, watches and cash after the MACC Investigation Division searched two residences belonging to the individual in the capital.
The source stated that in the search, MACC seized 217 luxury watches of various brands estimated to be worth about RM5mil, 27 handbags worth over RM1mil and jewellery valued at RM4mil.
"During the search, MACC also seized nine luxury vehicles such as Bentley, Mercedes-Benz and Range Rover worth almost RM7mil," it said on Thursday (May 29).
The source added that following the search, MACC also found a storage containing various types of luxury liquor in another residence estimated to be worth about RM3mi and believed to be linked to money-laundering activities.
"In the same operation, MACC also seized another luxury residential unit in the capital estimated to be worth around RM12mil," he said.
The source also explained that all goods and assets were seized for the purpose of further investigation under the MACC Act 2009 and the Anti-Money Laundering and Anti-Terrorism Financing Act 2001. – Bernama
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