KUALA LUMPUR (Feb 9) — IJM Corp Bhd chairman Tan Sri Krishnan Tan has stated that he has full confidence in Malaysia’s legal and enforcement system after being questioned by the Malaysian Anti-Corruption Commission (MACC) last week. He was detained on Thursday to assist in investigations and released later the same day.
In a statement, Tan clarified that his role as chairman does not involve participation in the company’s daily management or operational decisions. He added that he has cooperated fully with investigators and will continue to do so, noting that further comment would be inappropriate while the inquiry remains ongoing.
MACC chief commissioner Tan Sri Azam Baki confirmed that Tan was released partly due to health considerations.
Separately, IJM emphasised that the group has long maintained comprehensive governance and compliance procedures, including an Anti-Bribery Management System certified under ISO 37001:2025. The company reiterated its commitment to conducting business transparently and ethically.
Management also assured stakeholders that operations across the group remain unaffected, with the board and leadership team continuing to focus on business continuity, maintaining client and partner confidence, and upholding governance standards. IJM said it will provide updates when appropriate and in accordance with regulatory requirements.
The company confirmed it is cooperating with authorities by responding to requests and providing documents, information and personnel to support the investigation. The MACC had previously indicated it was examining allegations of money laundering involving the group, which IJM has denied, describing the claims as baseless. Earlier in January, MACC officers, together with representatives from the Inland Revenue Board, visited IJM’s offices to obtain records.
For market observers, developments involving major construction and infrastructure players are closely watched because such companies are often active participants in large-scale developments and real estate projects. Their activities can influence sentiment in sectors such as commercial property in KL, industrial land in Selangor, and industrial property in the Subang area, as well as demand for factories in Puchong and office space in Bukit Jalil, where contractors, consultants and corporate tenants frequently cluster around major infrastructure and urban development corridors.
While the investigation is still in progress, IJM’s statement that operations continue as normal is likely to reassure clients and partners involved in ongoing construction, infrastructure and property-related projects across Malaysia.
Malaysia