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MACC actively probing missing RM2.3 billion in state funds

Publish date: Fri, 09 Jun 2023, 07:11 PM

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) is currently actively obtaining information in an investigation into the alleged embezzlement of state funds amounting to an estimated RM2.3 billion.

The commission, in a statement today, said they had frozen 192 bank accounts totaling more than RM39 million.

The accounts comprised 35 company accounts and 157 individual accounts, including those of former senior ministers, two businessmen with the title of Tan Sri and their family members.

"We had also recorded the statements of the two individuals with the title of Tan Sri in addition to conducting a search at the residence and related premises involving a former senior minister and the businessmen."

MACC said that, following the search, several documents were obtained in relation to the case.

The commission also added that the individuals were given notice in accordance with Section 36 of the MACC Act 2009 and Section 44 of the Anti-Money Laundering, Anti-Terrorist Financing and Proceeds from Illegal Activities Act 2001 (AMLATFPUAA 2001).

On May 19, the MACC said that it has opened several investigation papers against a 'Tan Sri' business figure and a former senior minister in relation to the embezzlement of national funds worth more than RM2.3 billion.

According to them, the investigation is a continuation of and in addition to the disclosure of confidential documents by the International Consortium of Investigative Journalists (ICIJ) regarding suspected transactions in several offshore financial centres.

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