THE Malaysian Anti-Corruption Commission (MACC) has uncovered a massive loan fraud and money laundering syndicate through Op Sky, which involved bank officers, a financial consulting firm, and even local celebrities.
The scheme targeted blacklisted civil servants who could not get bank loans. Corrupt bank officers referred them to a financial consulting firm, which forged documents to secure multiple loans from different banks.
The firm took a 35% cut of the loan amount and invested the rest in its own scheme.
MACC Chief Commissioner Tan Sri Azam Baki said, “During this period, the syndicate fabricates fraudulent cancellation letters, purportedly issued by the initial lending bank, and submits them to other financial institutions processing concurrent applications. This tactic ensures simultaneous approval of multiple loan applications from various banks.
The firm used public figures as ambassadors to promote its services on social media, at roadshows, and even through charity events targeting teachers and government workers.
Celebrities allegedly received payments between RM150,000 and RM400,000 for endorsing the firm. MACC also found concert sponsorships and songs commissioned for the syndicate.
Actor Datuk Jalaluddin Hassan denied wrongdoing, saying “When I asked them about their financial standing over the years, everything seemed satisfactory and there was nothing suspicious.”
MACC’s Actions
• 98 bank accounts frozen (over RM22 mil)
• 9 luxury cars, RM300,000 cash, 17 luxury watches, and 5 designer handbags seized
• 27 arrests, including 18 bank officers and 8 consultancy firm employees
Celebrities Implicated in Op Sky
1. Datuk Jalaluddin Hassan (Actor)
2. Datuk Dr Sheikh Muszaphar Shukor (Astronaut)
3. Ziana Zain (Singer)
These celebrities have provided statements but are not officially suspects. MACC has now reached the final stage of its investigation. —Feb 9, 2025
Main image: Bernama
