Latest news with #MACCSpecialOperationsDivision
The Sun
21-07-2025
- Business
- The Sun
MACC freezes RM150m accounts in scrap metal smuggling crackdown
GEORGE TOWN: The Malaysian Anti-Corruption Commission (MACC) has frozen 324 bank accounts worth nearly RM150 million and seized assets valued at RM183 million in a major crackdown on scrap metal and e-waste smuggling syndicates. The operation, spanning five states, uncovered an estimated RM950 million in tax revenue losses due to bribery of enforcement officers. A source confirmed that 27 witnesses, including a businessman with a 'Datuk' title, have given statements. No arrests have been made yet. 'The total value of seized assets and frozen accounts now exceeds RM332 million,' the source said. MACC Special Operations Division senior director Datuk Mohamad Zamri Zainul Abidin stated that financial investigations are ongoing with agencies like the Inland Revenue Board (IRB), Customs Department, and Bank Negara Malaysia. 'Probes cover offences under the MACC Act, money laundering, and tax evasion laws,' he added. The operation, dubbed Op Metal, involved raids in Selangor, Penang, Kedah, Negeri Sembilan, and Johor. Authorities confiscated luxury vehicles, branded watches, and properties, including oil palm plantations in Kelantan. A foreign businessman linked to the syndicate, who holds a 'Datuk' title, was abroad during the raids but later returned to assist investigations. – Bernama
New Straits Times
14-07-2025
- Business
- New Straits Times
MACC tracking more bank accounts in milk powder cartel probe
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) is working with financial institutions to identify other bank accounts that may have been used by a cartel which supplied substandard milk powder to a government department. This was revealed by a source who also said that statements from two government department staff were taken by graftbusters last week. "This brings the total to 12 individuals whose statements have been taken so far to assist the investigation," the source said. When contacted, MACC Special Operations Division Senior Director Datuk Mohamad Zamri Zainul Abidin said the investigation is still ongoing. He said the investigation is being conducted under Section 16 of the MACC Act, as well as the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act, and the Income Tax Act. Last week, it was reported that the MACC was probing four family members suspected of owning and directing companies that supplied milk powder, valued at about RM120 million, to a government department for the past 20 years. The milk powder allegedly did not meet SIRIM Bhd standards. Preliminary investigations found that all the companies involved had no background in food and beverage production, processing, or distribution. Instead, they comprised furniture, electrical, contractor, property, transport, and civil engineering companies. The MACC also froze accounts totalling RM174.6 million, involving 24 individual accounts and 51 company accounts, following joint raids with the Inland Revenue Board and Bank Negara Malaysia in several series of operations around the Klang Valley starting July 8.
![[UPDATED]: MACC seizes properties worth over RM620mil in Op Fibre probe](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2F74089320_1752147628.jpg&w=3840&q=100)
New Straits Times
10-07-2025
- Business
- New Straits Times
[UPDATED]: MACC seizes properties worth over RM620mil in Op Fibre probe
KUALA LUMPUR: Graft busters have seized properties estimated to be worth over RM620 million following investigations under Op Fibre. The probe involves the approval of loan financing by banking institutions to a company involved in a fibre network development project in 2012, valued at approximately RM400 million. According to sources, the Malaysian Anti-Corruption Commission (MACC) has also recorded statements from nine witnesses to assist in the investigation. "The seized properties include bungalows, condominiums, office premises, land lots, and a golf club located in the Klang Valley, estimated at around RM620 million," a source said, adding that four luxury vehicles worth about RM2 million have also been seized. "The suspect is also believed to be a shareholder in the golf club," the source added. The source also revealed that to date, the MACC has frozen 72 accounts, comprising personal and company accounts, involving approximately RM390,000. On June 30, the MACC remanded a company director with the title Datuk Wira, suspected of being involved in money laundering activities amounting to about RM75 million. Meanwhile, MACC Special Operations Division senior director, Datuk Mohamad Zamri Zainul Abidin, when contacted, confirmed the information received and said that a Notice of Asset Declaration under Section 36(1) of the MACC Act 2009 would be served to the suspect and 23 other individuals starting July 10. Bernama reported on July 3 that the MACC obtained an order to remand a company director with the title "Datuk" for investigation into alleged involvement in money laundering activities amounting to about RM75 million involving a fibre network development project. The four-day remand order until July 6 against the suspect, in his 50s, was issued by Magistrate Irza Zulaikha Rohanuddin at the Putrajaya Magistrate's Court. According to an MACC source, the man is believed to have committed the offence in 2012 for approval of a loan financing amounting to RM400 million. Initial investigations found that RM75 million was channelled to a company owned by the suspect. He was arrested at about 4pm on June 2 at the MACC headquarters. The arrest was a follow-up to Op Fibre conducted by the MACC Special Operations Division on June 30. They raided four different locations, including the suspect's residence and offices in Selangor and Kuala Lumpur. Through the operation conducted, MACC froze 12 bank accounts, including personal and company accounts, with a total value of about RM400,000.
New Straits Times
09-07-2025
- Business
- New Straits Times
MACC raids factory, companies suspected of involvement in milk powder cartel
KUALA LUMPUR: Malaysian Anti-Corruption Commission officers raided a milk processing factory and two companies suspected of being behind a cartel supplying substandard milk powder to a government department. Investigations have revealed that most of the companies awarded the government tenders to supply the milk powder had no prior involvement in the production, processing or distribution of food and beverages. Seventy-five bank accounts, comprising 24 individual accounts and 51 company accounts, with a total value of approximately RM174 million have since been frozen. MACC Chief Commissioner Tan Sri Azam Baki said the raids were a follow-up to information obtained from the investigation into three members of a family on Tuesday. "The raid on the milk processing factory was aimed at inspecting documents related to the milk powder supply contracts they had secured, including financial documents. "The raids conducted today are a continuation of the investigation involving the family members, and initial findings also revealed that most of the companies awarded the government tenders to supply the milk powder had no prior involvement in the production, processing, or distribution of food and beverages," he told the New Straits Times. Azam said the background of these companies includes furniture, electrical, contractor, real estate, transportation, and civil engineering businesses. "Some of them earned profits of between 10 to 50 percent from supplying the milk powder. On Tuesday, the MACC Special Operations Division in an operation codenamed Op White and conducted with the Inland Revenue Board (IRB) and Bank Negara Malaysia (BNM), raided three residences and one company in the Kuala Lumpur area. The company, owned by a husband-wife team, was said to have been supplying milk powder to a government department for decades. However, the milk powder was believed to have not met Sirim standards. MACC is also said to be investigating the son of the couple. Meanwhile, MACC Special Operations Division senior director Datuk Mohamad Zamri Zainul Abidin did not rule out the possibility of a monopoly in the supply of milk powder to government departments. "So far, statements from six individuals have been recorded. "The case is being investigated under Section 16 of the MACC Act 2009, the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001, and the Income Tax Act 1967," he said.
The Star
03-07-2025
- Business
- The Star
MACC nabs 'Datuk' for allegedly laundering millions of ringgit
PETALING JAYA: A company director with the title of Datuk has been arrested by the Malaysian Anti-Corruption Commission (MACC) for allegedly laundering millions of ringgit. The suspect, who is in his 50s, was arrested as part of a probe into money laundering activities amounting to around RM75mil. The director was arrested on Wednesday (July 2) after he presented himself at the MACC headquarters. He was then remanded on Thursday (July 3) for four days until July 6. "The suspect is believed to have committed the act in 2012 for the approval of a RM400mil loan for a fibre network development project. "Initial investigations believe that RM75mil was channeled to a company owned by the suspect," sources said. The arrest was a part of follow up actions under Ops Fibre. On June 30, the MACC had raided four locations in Selangor and Kuala Lumpur that belonged to the suspect. "The MACC has also frozen 12 bank accounts, both personal and corporate, worth around RM400,000," the source added. MACC Special Operations Division senior director Datuk Mohamad Zamri Zainul Abidin confirmed the arrest when contacted, adding that investigations were being conducted under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001.
