Security tight at Tan Sri's residence as sukuk probe deepens

New Straits Times

a day ago

KUALA LUMPUR: The residence of a businessman bearing the title "Tan Sri", who has been linked to the alleged misappropriation of sukuk funds amounting to millions of ringgit for the construction of a highway in the Klang Valley, was heavily guarded by auxiliary police this morning.
Checks by the New Straits Times revealed that several members of the media attempted to enter the gated compound where the highway concessionaire resides, but were turned away.
Auxiliary police stationed at the location also instructed members of the press to leave the vicinity.
This comes a day after the Malaysian Anti-Corruption Commission (MACC) said that it would be recording the statement of the individual in question regarding the ongoing investigation into the alleged misuse of sukuk proceeds.
According to sources, the businessman was initially scheduled to appear at the MACC headquarters in Putrajaya.
"Yes, it has been confirmed that he will be present tomorrow (today) at 9am. He has been discharged from hospital after completing medical treatment," a source said.
The investigation concerns sukuk funds that were raised for the development of a major highway project in the Klang Valley. Further details are expected following the MACC's questioning.
MACC Chief Commissioner Tan Sri Azam Baki had confirmed that the highway concessionaire was the key witness in the investigation.
Previously, it was reported that 45 witnesses who had earlier provided statements were called in again to assist with the case by furnishing additional information.
On June 3, the MACC disclosed that assets worth approximately RM143 million had been seized in connection with the sukuk fund misappropriation involving the Tan Sri.
Investigators are also tracing several luxury vehicles and properties belonging to the businessman, both in Malaysia and abroad — including assets located in London and Switzerland.
The Tan Sri is believed to be the central figure in the MACC's probe involving the seizure of high-value assets, which include RM37.5 million in cash from personal and company accounts; properties worth RM24.5 million; nine luxury cars valued at RM7.65 million; exclusive watches (RM25 million); jewellery and diamonds (RM6 million); branded handbags (RM3 million); alcoholic beverages (RM3 million); and four horses valued at RM400,000.
Authorities have also traced foreign assets exceeding RM15 million, in addition to suspected gambling activities linked to the Tan Sri totalling RM20 million.