THE Malaysian Anti-Corruption Commission (MACC) has confirmed late last night (June 3) of having seized assets worth RM143 mil from a “Tan Sri highway concessionaire in the Klang Valley” linked to the misuse of sukuk funds during an operation conducted last week.
The seizures include 14 individual accounts totalling RM4.5 mil, eight company accounts totalling RM33 mil, luxury condominium and land worth RM24.5 mil, nine cars worth RM7.65 mil and 13 cars that have yet to be handed over to the investigation team, according to the graft buster’s chief commissioner Tan Sri Azam Baki.
Other items seized include luxury watches worth RM25 mil, handbags (RM3 mil), jewellery and diamonds (RM6 million), four horses (RM400,000), alcoholic beverages (RM3 mil), foreign assets worth more than RM15 million and around RM20 mil in gambling activities.
“Preliminary investigations detected misconduct between 2016 and 2020 involving approved sukuk funds of about RM1.35 bil with false claims of about RM360 mil and RM416 mil as well as RM50 mil in other bank facility loans,” he revealed in a statement.
“The RM1.67 bil highway project also failed to be completed according to schedule and investigations are focused on bribes worth RM12 mil paid to certain parties as inducement in facilitating the cash flow out and back to the suspect.
“Proceeds of the embezzled funds were believed to be used in money laundering activities.”
Tan Sri suspect currently hospitalised
Azam further stated that the parties involved were believed to have used professionals such as auditors, financial experts, engineers and shell companies as recipients of the money in a layered manner to embezzle the funds.
“Until now, the MACC has yet to take the Tan Sri’s statement as he is still warded in a private hospital whereby the investigating officer will seek confirmation today (June 3) from the doctor on the Tan Sri’s health status before recording his statement,” he revealed.
“Meanwhile, the number of witness statements stands at 45 whereby those whose statements had been previously recorded have been called back to provide further evidence.”
Meanwhile, Azam also explained that the investigation team is also tracking down luxury vehicles and properties belonging to the Tan Sri, both domestically and abroad, including in London and Switzerland.
Additionally, he said current investigation is also focused on the true value of luxury alcoholic beverages in the Tan Sri’s possession with the possibility that the money has been transferred to other accounts.
At the same time, a property declaration notice has also been served on the Tan Sri and other related parties. – June 4, 2025
Images: Malaysian Anti-Corruption Commission (MACC)
