Malaysia

MACC probes IJM Corporation over alleged RM2.5 billion governance and money laundering case

MACC launches a wide-ranging investigation into IJM Corporation involving alleged corporate governance failures, procurement irregularities and suspected money laundering linked to overseas assets

Updated 8 months ago · Published on 21 Jan 2026 8:21AM

MACC probes IJM Corporation over alleged RM2.5 billion governance and money laundering case
The commission froze 55 personal and corporate bank accounts linked to the case, involving an estimated total of RM15.8 million - January 21, 2026

THE Malaysian Anti-Corruption Commission (MACC) is investigating IJM Corporation over allegations involving corporate governance practices, procurement processes, financial transactions and ownership of overseas assets estimated to be worth about RM2.5 billion.

As part of the investigation, MACC officers carried out inspections and searches at four separate locations, comprising the residence and office of one of IJM Corporation’s top management personnel.

At the same time, the commission froze 55 personal and corporate bank accounts linked to the case, involving an estimated total of RM15.8 million.

Investigators are also focusing on tracing and seizing other assets suspected to have been acquired through money laundering activities.

So far, nine statements have been recorded, including those from two members of the company’s top management. MACC said the recording of statements from the two senior executives continued today, while a further five witnesses are expected to be called to assist the investigation.

On Jan 19, the MACC Special Operations Division began probing two top management figures from IJM Corporation in connection with the case.

MACC chief commissioner Tan Sri Azam Baki confirmed that the investigation is being conducted under Section 16 of the MACC Act 2009 and Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. - January 21, 2026

Spotlight

Malaysia

Haze: Schools in Johor, Melaka, and Negeri Sembilan to close tomorrow

Malaysia

Tun Mahathir’s health improves, but not ready to leave hospital

Malaysia

LPT3 row puts Kelantan’s infrastructure priorities under scrutiny

Malaysia

Terengganu royal family member sues two banks over RM1.99m missing from savings

Malaysia

Irene Sofiya murder probe referred to Johor prosecutors for review

Malaysia

Teacher denies negligence charges over fatal school SUV crash in Kota Bharu

Malaysia

Sulaiman Md Ali opts out of Melaka polls, will not defend Lendu

You may be interested

Malaysia

Sarawak projects record RM15.09b revenue, budgets RM10.1b for development in 2027

Malaysia

Govt targets smuggling syndicates with AI-powered border surveillance

Malaysia

Tuanku Muhriz to focus on state affairs; Will not attend Conference of Rulers meeting

Malaysia

Lawyers warn of civil suits over claims linking police officers to crime syndicate

Malaysia

Driver monitoring aims to stop commercial vehicle crashes before they happen

Malaysia

Negeri Ruler, Tuanku Muhriz, invited to Conference of Rulers meeting tomorrow

Malaysia

Four friends charged over murder of durian seller buried in Semenyih

Malaysia

19-year-old charged with murdering student in Kuantan