Fibre network probe: MACC seizes RM620mil worth of assets, including golf club, luxury cars

Fibre network probe: MACC seizes RM620mil worth of assets, including golf club, luxury cars

SHAH ALAM: The Malaysian Anti-Corruption Commission (MACC) has seized several properties and other assets estimated to be worth over RM620mil following an investigation into the approval of a bank loan to a company involved in a fibre network development project valued at approximately RM400mil in 2012, Sinar Harian reports.

Sources told the Malay language daily that MACC had recorded statements from nine witnesses to aid the investigation.

“The seized properties include bungalows, condominiums, office premises, plots of land, and a golf club located around the Klang Valley, valued at about RM620mil. The suspect is also believed to be a shareholder in the golf club,” the source told Sinar Harian.

Additionally, four luxury vehicles worth approximately RM2mil were also seized.

Further, the source revealed that 72 accounts, comprising personal and company accounts amounting to about RM390,000, have been frozen.

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MACC special operations senior director Datuk Mohamad Zamri Zainul Abidin confirmed the information when contacted, adding that a Declaration of Assets Notice under Section 36(1) of the MACC Act 2009 will be issued to the suspect and 23 other individuals starting July 10, 2025.

On June 30, MACC remanded a company director, a man with the title Datuk Wira in his 50s, suspected of involvement in money laundering amounting to approximately RM75mil. The suspect is believed to have undertaken these actions in 2012 to secure a loan approval of RM400mil for a fibre network development project.

Initial investigations by MACC suspect that the RM75mil was channeled into the suspect’s company.