[UPDATED] RM29 mil cash swap case only tip of iceberg: AGC

KUALA LUMPUR – There is more than meets the eye in the US$6.94 million (RM28.94 million) cash swap case as the Attorney-General’s Chambers (AGC) has found more offences in the course of its investigation.

In a statement today, the AGC said with these findings, the offences require further investigation by the relevant enforcement agencies based on the investigation paper (IP) submitted by the Malaysian Anti-Corruption Commission (MACC).

The AGC added that it had carried out an in-depth study on the IP submitted by MACC on September 28.

“The IP has been returned for further action,” it was quoted as saying by Bernama.

Last month, MACC seized several luxury vehicles and RM50,000 at a hotel here as part of its investigation into the cash swap allegedly involving three of its senior officers.

The money and vehicles are believed to belong to one of the three, who are currently detained, a source told Utusan Malaysia.

The other two officers hold the ranks of enforcer and senior assistant enforcer. All three are between Grades 34 and 44.

It was also reported that the officer in question allegedly owns several luxury motorcycles, as well as a pricey home.

The source said cases of possession of “extraordinary property” by MACC officers and low-ranking members are common, but the loss of evidence is not.

Previously, it was reported that MACC detained the three officers in connection with allegedly counterfeiting cash seized from former Malaysian External Intelligence Organisation director-general Datuk Hasanah Abd Hamid three years ago.

Confirming a report by Edisi Siasat, the source indicated that the millions in United States banknotes were seized by graft-busters as evidence in a US$12.1 million criminal breach of trust case involving Hasanah. – The Vibes, October 12, 2021