MACC uncovers RM32mil in luxury goods, cars, property in highway funds probe
KUALA LUMPUR: Various assets, including handbags, jewellery, luxury vehicles, watches, cash, and a high-end residence estimated to be worth around RM32 million, have been seized in connection with a highway construction project.
It is believed that the Malaysian Anti-Corruption Commission (MACC) seized the assets belonging to a highway concessionaire who holds the honorific title Tan Sri, following investigations into the misappropriation of sukuk funds meant for a highway project in the Klang Valley.
A source said the seizures followed a raid by MACC's Investigation Division at two residences owned by the individual, located in the capital today.
"During the raid, MACC seized 217 luxury watches of various brands, estimated to be worth about RM5 million; 27 handbags worth more than RM1 million; and jewellery valued at over RM4 million.
"In the same raid, MACC also seized nine luxury vehicles, including Bentley, Mercedes-Benz, and Range Rover models, estimated to be worth nearly RM7 million," the source said.
He said MACC also discovered a storage area containing various types of premium alcoholic beverages at one of the residences, believed to be worth around RM3 million and possibly linked to money laundering activities.
"In this operation, MACC also seized a luxury residential unit in the capital, believed to belong to the individual, valued at around RM12 million," the source added.
All items and assets were seized for further investigation under the MACC Act 2009 and the Anti-Money Laundering and Anti-Terrorism Financing Act (Amla) 2001.
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