Latest news with #MACCInvestigationDivision
The Sun
3 days ago
- Business
- The Sun
Misappropriation of highway construction funds: MACC seizes RM32m worth of assets believed to belong to Tan Sri
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) seized various assets worth RM32 million believed to belong to a highway concessionnaire with the title 'Tan Sri', following an investigation into the misappropriation of highway construction sukuk funds in the Klang Valley on Thursday (May 29). 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 RM5 million, 27 handbags worth over RM1 million and jewellery valued at RM4 million. 'During the search, MACC also seized nine luxury vehicles such as Bentley, Mercedes-Benz and Range Rover worth almost RM7 million,' it said. 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 RM3 million 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 RM12 million, which is believed to belong to the individual,' 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 (AMLA) 2001.
The Sun
3 days ago
- Business
- The Sun
MACC seizes RM32m in assets from ‘Tan Sri' over sukuk probe
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) seized various assets worth RM32 million believed to belong to a highway concessionnaire with the title 'Tan Sri', following an investigation into the misappropriation of highway construction sukuk funds in the Klang Valley on Thursday (May 29). 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 RM5 million, 27 handbags worth over RM1 million and jewellery valued at RM4 million. 'During the search, MACC also seized nine luxury vehicles such as Bentley, Mercedes-Benz and Range Rover worth almost RM7 million,' it said. 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 RM3 million 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 RM12 million, which is believed to belong to the individual,' 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 (AMLA) 2001.
The Star
3 days ago
- Business
- The Star
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
New Straits Times
07-05-2025
- New Straits Times
Developer's director held over RM1.6mil false claim in Perak housing project
KUALA LUMPUR: A developer company director, who holds the title 'Datuk', has been arrested by the Malaysian Anti-Corruption Commission (MACC) on suspicion of submitting false documents involving RM1.65 million linked to the RM162 million Civil Servants Housing Project in Perak. Sources said the suspect, in his 60s, was detained at about 5.15pm yesterday after presenting himself at the MACC headquarters in Putrajaya to have his statement recorded. "The alleged offence occurred in March, when the suspect is believed to have submitted falsified documents to a bank to facilitate the withdrawal of RM1.65 million. "The sum was part of a RM69 million financing facility extended for the project," the source said. MACC Investigation Division senior director Datuk Zainul Darus confirmed the arrest, adding that the case is being investigated under Section 18 of the MACC Act 2009, which pertains to the submission of false claims or documents. This morning, magistrate Siti Roslizawati Mohd Zanin granted a five-day remand order against the suspect, effective until May 11, following an application by MACC at the Putrajaya magistrate's court.
New Straits Times
03-05-2025
- New Straits Times
Eye on Tan Sri in highway probe
KUALA LUMPU: Graft-busters investigating false claims amounting to hundreds of millions of ringgit linked to a Klang Valley highway project have now turned their attention to a "Tan Sri". "A certain Tan Sri is on the Malaysian Anti-Corruption Commission's (MACC) radar in relation to this case," said a well-placed source. However, the source declined to provide further details. News of MACC setting its sights on a "Tan Sri" came to light after the anti-graft agency arrested a former chief executive officer (CEO) of the highway concessionaire on suspicion of colluding to submit false claims. The suspect, a man in his 40s, was arrested on Friday night after giving his statement at the MACC headquarters in Putrajaya. He has been remanded for three days. According to another source, the former CEO is believed to have falsified documents to claim about RM360 million in sukuk funds tied to a RM1.3 billion highway project. MACC Investigation Division senior director Datuk Zainul Darus confirmed the man's arrest. He said the case was being investigated under Section 18 of the MACC Act for false claims, an offence punishable by up to 20 years in prison and a fine of not less than RM10,000 or five times the value of the false claim, whichever is higher, upon conviction. Zainul also confirmed that four individuals, including a "Datuk Seri" arrested earlier in the week, had been released on bail. On Wednesday, it was reported that three men and a woman in their 50s to 70s were arrested while giving their statements to MACC officers. The offences were believed to have been committed between 2016 and 2017.
