THE Malaysian Anti-Corruption Commission (MACC) has detected the use of RM11 million in digital form, believed to be the result of embezzlement of sukuk funds for the construction of highways in the Klang Valley by a highway concessionaire with the title Tan Sri.
Its Chief Commissioner Tan Sri Azam Baki said investigations found that the money involved was deposited into the digital account after the sukuk funds were obtained.
"We (MACC) have detected the use of RM11 million suspected to be from the highway sukuk fund.
"The funds involved are said to be used in the form of 'digital currency' and spent for other purposes. However, we are tracing how the money was withdrawn and used," he told a press conference at the MACC headquarters.
Commenting further, he said that at least 10 more witnesses would be called to give statements to assist in the investigation into the embezzlement case.
He said that so far, a total of 55 witnesses had given statements and nine individuals had been arrested with 14 individual accounts and eight company accounts frozen involving a total of RM156 million, for the purpose of the investigation.
"The investigation into this case will be completed within two months and we will inform you of any new developments," he said.
It was previously reported that RM141 million in domestic assets were seized and RM15 million in overseas assets were detected by the MACC involving the misappropriation of sukuk funds for the construction of a highway in the Klang Valley, which is believed to belong to a highway concessionaire with the title Tan Sri.
Azam was reported to have said that the seized items involved individual accounts worth RM4.5 million, company accounts worth RM33 million, luxury condominiums and land worth RM24.5 million, luxury watches worth RM26 million, nine luxury cars worth RM7.65 million and jewellery and diamonds worth RM10 million.
Other items seized were a luxury handbag worth RM6 million, gold bars, gold statues and coins estimated to be worth RM3 million, and four horses worth RM400,000.
However, overseas assets estimated to be worth RM15 million are currently being traced by the MACC. - June 25, 2025
