THE Malaysian Anti-Corruption Commission (MACC) has seized approximately RM170 million in cash, in various international currencies, and 16 kilograms of gold bars valued at nearly RM7 million following investigations into corruption and money laundering activities linked to former Prime Minister Datuk Seri Ismail Sabri Yaakob.
The MACC confirmed that the operation involved raids at several locations, including residences and three other premises believed to be used as 'safehouses', following the arrest of four senior officers who served under Ismail Sabri's administration, in a statement today.
“The inspections at these locations led to the seizure of approximately RM170 million in cash, in various international currencies such as Baht, Riyal, Pound Sterling, Won, Euro, Swiss Franc, and Yuan, as well as 16 kilograms of pure gold bars estimated to be worth nearly RM7 million,” the statement read.
The investigation is focused on expenditures and fund acquisitions for promotional and publicity purposes during Ismail Sabri’s tenure as Prime Minister.
“The investigation is being conducted under the MACC Act 2009 and the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds from Unlawful Activities Act 2001.”
Ismail Sabri has also been asked to declare his assets under Section 36(1) of the MACC Act 2009 on December 11, 2024, and the official declaration was made on February 10 this year,” it added.
Furthermore, the former Prime Minister had appeared to give his statement at the MACC office on February 19 and has not ruled out the possibility of being called again to assist with the investigation.
In related developments, nearly 10 witnesses have been identified and will be called in the near future.
The MACC said the investigation is being carried out independently, professionally, and in accordance with the laws in force. – March 2, 2025
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