IJM Corporation Bhd has issued a detailed statement clarifying its position following media reports yesterday, affirming that the company is fully cooperating with Malaysian authorities and rejecting any allegations of misconduct.
In a statement released today, the company said its chairman, Tan Sri Krishnan Tan, met with officials from the Malaysian Anti-Corruption Commission (MACC) and provided full cooperation during the ongoing inquiry. Several other staff members who were requested to provide information also complied with authorities.
“Chairman Tan Sri Krishnan Tan met MACC officials this afternoon and continues to extend full cooperation to the authorities. The company and our partners in the United Kingdom were not aware of any investigation by the UK’s Serious Fraud Office (SFO),” the statement read.
“We have never been contacted by the SFO, and any reports suggesting otherwise are inaccurate.”
Addressing claims about an individual described in the media as a company adviser, IJM clarified that the person was only engaged professionally to provide advice on a limited number of corporate transactions and was not a permanent company adviser as reported.
The company also categorically denied any allegations of money laundering, particularly in connection with its investments in the United Kingdom.
IJM explained that since 2012, its UK investments have primarily been funded through financing obtained from Malaysian financial institutions and subsequently channelled through special purpose companies for specific projects.
These investments, the company added, were subject to internal business evaluations and governance processes.
IJM reaffirmed its commitment to high standards of corporate governance, transparency, and integrity in all business dealings.
It confirmed that day-to-day operations continue as normal and pledged to disclose any material developments in accordance with regulatory requirements.
The company’s statement underscores a proactive approach to maintaining stakeholder confidence while addressing public concerns prompted by recent media coverage. - January 21, 2026
