MACC Seizes RM143 Million in Assets in Malaysian Highway Corruption Case

MACC Seizes RM143 Million in Assets in Malaysian Highway Sukuk Scandal KUALA LUMPUR, MALAYSIA – In a major development in the ongoing investigation into the misappropriation of funds from a highway project, the Malaysian Anti-Corruption Commission (MACC) announced the seizure of assets worth RM143 million. The assets, belonging to a Tan Sri, include luxury vehicles, high-end watches, horses, and properties, both domestically and internationally. "The seizure involved a significant amount of assets," said MACC Chief Commissioner Tan Sri Azam Baki in a statement. "This is just the beginning of our investigation and we are committed to bringing those responsible to justice." The investigation centers on the alleged misappropriation of RM1.67 billion in sukuk funds allocated for the construction of a highway. The MACC's investigation has uncovered a complex web of transactions involving multiple individuals and companies. Among the seized assets are luxury cars, high-end watches, and even horses, highlighting the lavish lifestyle allegedly funded by the misappropriated funds. The MACC is continuing its investigation and has summoned 45 witnesses to provide further statements. The Tan Sri involved is currently hospitalized, and the MACC is awaiting a medical report before taking his statement. This case underscores the ongoing fight against corruption in Malaysia and the MACC's determination to recover misappropriated funds and hold those responsible accountable. The recovery of these significant assets represents a step towards financial transparency and accountability in the country.