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HomeMalaysia NewsMACC Initiates Investigation into Multiple Individuals, Including a Lawyer, for Alleged Corruption...

MACC Initiates Investigation into Multiple Individuals, Including a Lawyer, for Alleged Corruption and Money Laundering in 1MDB Asset Recovery

The Malaysian Anti-Corruption Commission (MACC) has launched a comprehensive investigation into several individuals suspected of involvement in corruption and money laundering while attempting to recover assets related to 1Malaysia Development Bhd (1MDB). Among those under scrutiny is a lawyer accused of accepting substantial funds, purportedly invested in an unlicensed investment company subject to action by Bank Negara Malaysia in 2021. The attorney was appointed by 1MDB to resolve asset-related issues with foreign entities. MACC officers, including Mohd Farid Ismail, Mohamad Safwan Arbangi, and Siti Aida Khairudin, have exercised their right to access and seize documents at the law firm, as part of this investigation.

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The Malaysian Anti-Corruption Commission (MACC) is delving into multiple individuals, including a lawyer, on suspicions of their involvement in corruption and money laundering during efforts to recover assets linked to 1Malaysia Development Bhd (1MDB).

According to an insider at the MACC, one of the persons of interest is an attorney who is alleged to have received a substantial sum of money, which is believed to have been invested in an unlicensed investment firm that faced regulatory actions from Bank Negara Malaysia in 2021. It was also revealed that this lawyer had been engaged by 1MDB to resolve asset-related matters with foreign firms. In pursuit of this investigation, MACC officers have visited the law firm involved to secure documents relevant to the case.

In the meantime, when reached for comment, MACC Chief Commissioner Tan Sri Azam Baki confirmed that the investigation is being conducted in accordance with the MACC Act 2009 and the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001.

He stated, “MACC also refutes any allegations that our officers’ presence at the law firm’s premises breaches any existing laws, as the commission strictly adheres to regulations and respects the privacy between lawyers and their clients.” MACC officers, led by Mohd Farid Ismail, Mohamad Safwan Arbangi, and Siti Aida Khairudin, have invoked their right to search for and confiscate documents at the law firm as part of this investigation.