Malaysian Anti-Corruption Commission investigates IJM Corporation for financial transactions, overseas investments and alleged bribery, cooperating with UK authorities.
PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) has opened three investigation papers concerning several issues involving IJM Corporation Bhd. Chief commissioner Tan Sri Azam Baki said the probes relate to financial transactions and overseas investments worth approximately RM2.5 billion.
He added that the anti-graft agency is cooperating with the United Kingdom’s Serious Fraud Office in terms of information sharing. Investigations are currently ongoing at all levels.
One probe focuses on an alleged bribery case involving a project. The company’s chairman was recently called in to assist with this investigation.
“There is an additional investigation involving the issue of a tip-over shares transaction by Sunway,” Azam said at a press conference. He stated the MACC is examining elements of corruption, abuse of power, and governance issues.
On February 6, media reported a top management executive of IJM in his 70s was detained. The MACC’s Special Operations Division began its investigation into the suspect on January 19.
The probe focuses on corporate governance issues, procurement processes, and overseas asset ownership. Following this, MACC froze 70 personal and company bank accounts linked to the case, involving approximately RM30.6 million.
In a separate development, Azam said investigation papers concerning the director-general and deputy director-general of the Department of Environment have been submitted to the deputy public prosecutor. The commission has recommended charges against the DG, the deputy DG, and a former senior officer of the department.
“The decision (on charges) will be known within a week,” he said.
MACC had previously detained the two DOE officials to assist in investigations related to the management of electrical and electronic waste.
