MACC probing S'pore tycoon linked to Sabah whistleblower
The agency cited an article that reportedly painted the tycoon as the person who financed Tei's bribes to Sabah Umno leaders, saying that it is...
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Free Malaysia Today
16 hours ago
- Free Malaysia Today
61 witnesses called in MEX II probe, says Azam
The 18km MEX II extension, intended to link Putrajaya to KLIA, began in 2016 and was initially scheduled for completion in December 2019. (Bernama pic) PETALING JAYA : The Malaysian Anti-Corruption Commission (MACC) has called 61 witnesses in its ongoing investigation into the Maju Expressway Extension (MEX II) project, says chief commissioner Azam Baki. Speaking at a press conference in Kota Bharu, Azam said that all witnesses were summoned recently. 'I have given my officers a maximum of two months to complete the investigation papers for this case, and I believe that it can be completed sooner and then submitted to the deputy public prosecutor,' he said, reported Bernama. On May 29, MACC seized assets worth around RM32 million as part of its probe into the case. This included a luxury condominium and a plot of land valued at RM24.5 million, as well as nine vehicles valued at RM7.6 million. MACC has also seized luxury watches valued at about RM25 million, designer handbags valued at RM3 million, jewellery and diamonds worth RM6 million, four horses valued at RM400,000, and premium alcoholic beverages worth RM3 million. The anti-graft agency had questioned a corporate figure with a 'Tan Sri' title whom Azam previously said was the main suspect in the case. The corporate figure is being investigated for false claims and misuse of loan bonds related to the highway project. Hundreds of millions in sukuk funds were suspected to have been channelled to a company owned by the 'Tan Sri' and later misused for personal interests instead of the highway project. The funds were allegedly transferred to multiple entities, including proxy companies and the personal account of a family member, and used to acquire real estate, luxury vehicles and goods, as well as to fund gambling activities. The 18km MEX II extension, intended to link Putrajaya to KLIA, began in 2016 and was initially scheduled for completion in December 2019. Last month, works minister Alexander Nanta Linggi said the government was working with all stakeholders to resolve the project's delay, reportedly caused by financial issues.
Free Malaysia Today
16 hours ago
- Free Malaysia Today
Company director nabbed for allegedly laundering RM75mil
A source from the Malaysian Anti-Corruption Commission said the suspect, in his 50s, was arrested yesterday evening. PETALING JAYA : The Malaysian Anti-Corruption Commission has nabbed a company director with the title 'Datuk Wira' for allegedly laundering approximately RM75 million. A source from the MACC said that the male suspect, in his 50s, was arrested around 4pm yesterday while giving a statement at the anti-graft agency's headquarters in Putrajaya. 'Preliminary investigations suggest that RM75 million was channelled into a company owned by the suspect,' the source said. The source also said the offence is believed to have occurred in 2012 and is linked to a RM400 million loan for a fibre network development project. The MACC had launched a special operation codenamed Op Fibre on June 30. As part of the operation, the anti-graft agency raided four separate locations, including the suspect's residence and office in Selangor and Kuala Lumpur. The MACC also froze 12 bank accounts, including personal and corporate accounts, with a combined value of approximately RM400,000. The MACC's special operations division senior director, Zamri Zainul Abidin, confirmed the arrest and said that the case is being investigated under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. Magistrate Irza Zulaikha Rohanuddin has granted a four-day remand order against the suspect, effective until July 6.
Free Malaysia Today
16 hours ago
- Free Malaysia Today
Director suspected of laundering RM75mil allegedly bribed bank CEO
MACC arrested the company director, in his 50s, while he was giving a statement at its headquarters in Putrajaya yesterday. PETALING JAYA : A company director arrested for allegedly laundering about RM75 million is believed to have bribed the CEO of a bank to approve a loan for a fibre network development project, a Malaysian Anti-Corruption Commission source said. The suspect, who holds the 'Datuk Seri' title, is believed to have paid the CEO RM8 million to secure a RM400 million loan, despite the company not meeting financing requirements. However, the project, which was supposed to span 30,000km and connect Southeast Asia, did not take off. Utusan Malaysia quoted the MACC source as saying the RM400 million has since been traced to several offshore accounts. The source said the sum was later channelled to a non-existent investment firm, set up in 2018, which targeted high-profile investors. MACC arrested the suspect, in his 50s, while he was giving a statement at its headquarters in Putrajaya yesterday. The authorities also raided four locations in Selangor and Kuala Lumpur, including the suspect's home and office, and froze 12 bank accounts – both personal and corporate – with a combined total of about RM400,000. MACC's special operations division senior director Zamri Zainul Abidin confirmed the arrest and said an investigation is being carried out under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
