MACC identifies a Tan Sri and a company adviser in IJM Corporation as persons of interest in a RM2.5 billion money laundering and share manipulation probe.
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has identified a Tan Sri from IJM Corporation Bhd’s top management and a company adviser as persons of interest.
They are being investigated for alleged involvement in a RM2.5 billion money laundering scheme.
An internal source said the commission is gathering more information before opening a formal investigation.
“The investigation team is in the process of collecting additional details to ascertain the veracity of the claims prior to commencing an official probe,” the source told Bernama.
The UK’s Serious Fraud Office has also reportedly launched a probe into alleged money laundering and corruption linked to the two individuals.
It is understood both individuals are currently overseas.
The MACC is also examining allegations of share price manipulation related to the individuals.
The source said the alleged manipulation is believed to have occurred during Sunway Group’s process of acquiring IJM in a transaction valued at RM11 billion.
MACC Chief Commissioner Azam Baki confirmed an investigation into IJM is underway.
He said further details will be disclosed from time to time.
