MACC clears Krishnan Tan of wrongdoing, IJM chairman says he wants to move on

MACC clears Krishnan Tan of wrongdoing, IJM chairman says he wants to move on

KUALA LUMPUR, May 15 — Tan Sri Krishnan Tan today confirmed that the Malaysian Anti‑Corruption Commission (MACC) has formally cleared him of wrongdoing, following the conclusion of investigations into the sale of IJM Corporation Berhad shares to Sunway Berhad.

In a letter dated April 30, 2026, MACC informed him that the investigation had been completed and referred to the Deputy Public Prosecutor, who decided no charges would be brought. The case was categorised as No Further Action (NFA).

In a statement today, the IJM Corporation Berhad chairman said he welcomed the decision, adding that he had “steadfastly maintained” his innocence.

He said the investigation and related publicity had caused severe reputational damage and had placed immense strain on his family, friends and the organisations he serves.

Krishnan also expressed gratitude to those who stood by him, especially his wife, family and close friends.

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“I now want to put this difficult period behind me and move on,” he said.

Previously, IJM Corporation Berhad had clarified that it is not being investigated as a corporate entity, and that MACC’s probe was confined to several individuals linked to the group.

IJM said appropriate measures were taken to ensure that the group’s business is conducted with integrity and free of corruption, adding that it has established adequate procedures and maintains robust governance frameworks, including the implementation of an Anti-Bribery Management System certified to ISO 37001:2025.

It also said the board and management team remain focused on business continuity, maintaining confidence among customers and partners, and upholding strong corporate governance and compliance standards.

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The investigation first came to light in January 2026, when MACC officers reportedly visited IJM’s offices to obtain information relating to an alleged RM2.5 billion money laundering probe, which had earlier sparked speculation affecting the group’s shares and a high-profile takeover bid.