MACC seizes RM9.7 million in assets, including houses and luxury cars, in a probe into the alleged misappropriation of nearly RM300 million in investment funds
KUALA LUMPUR: The Malaysian Anti-Corruption Commission has seized assets worth RM9.7 million in an investigation into the alleged misappropriation of nearly RM300 million in investment funds.
The seized assets include six houses valued at RM6.54 million, a plot of land worth RM1.8 million and two luxury vehicles valued at RM1.35 million.
Fourteen bank accounts have also been seized to assist in the investigation, with their total value still being verified.
A female individual with the title Datuk, who was remanded for five days, was released on bail yesterday afternoon.
Meanwhile, an individual with the title Tan Sri, remanded since Jan 22, was released at noon today.
MACC chief commissioner Tan Sri Azam Baki confirmed the developments and said statements have been recorded from 10 witnesses.
“The MACC is actively tracking down other witnesses to help complete the investigation into the case,” he said.
Azam added that the commission remains committed to concluding investigations involving public interest as expeditiously as possible.
The MACC opened two investigation papers into the alleged misappropriation of funds believed to have been collected between 2021 and 2024 from about 1,700 investors.
Initial investigations revealed the funds were believed to have been misappropriated and used for purposes other than those stipulated in agreements with investors.
Sources said the individual with the title Tan Sri is suspected of exploiting his position and influence to attract public interest and persuade investors to participate.
Azam said the investigation is also focusing on tracing the flow of the misappropriated funds for recovery purposes.
This involves experts from the MACC Financial Analysis Division and the Anti-Money Laundering Division.
Last Wednesday, a Tan Sri in his 60s, who is also the owner of a company and an expert in Islamic finance, was arrested after arriving to record a statement at the MACC headquarters in Putrajaya.
