KOTA BHARU (Jan 23) — The Malaysian Anti-Corruption Commission (MACC) confirmed on Thursday that its investigation into alleged money laundering and corruption linked to IJM Corporation Bhd (KL:IJM) has received full cooperation from authorities in the United Kingdom.
MACC Chief Commissioner Tan Sri Azam Baki said the probe involves collaboration with the UK’s Serious Fraud Office (SFO), with several information requests already submitted as part of the commission’s mandate to investigate corruption, abuse of power, and financial crimes.
“When foreign investigations are conducted, we are obliged to cooperate and provide relevant information. This case is being given our full attention,” Azam said during a press briefing after the Program Cakna Rasuah: SPRM Bersama Media Zon Timur event.
Regarding the investigation’s progress, Azam noted that no new information has been received yet, but the probe continues, including summoning two individuals for statements. He added that the case dates back to 2015-2016, requiring careful collection of specific evidence before further action.
The investigation reportedly centers on alleged money laundering and share price manipulation during the period when Sunway Group was pursuing an RM11 billion acquisition of IJM Corporation, a transaction that could have reshaped Malaysia’s property and construction sectors. Both individuals involved are currently overseas.
Azam also emphasised MACC’s commitment to strengthening governance and integrity in Malaysia, stating that anti-corruption measures are a continuous responsibility for enforcement agencies, independent of the sitting government.
“For sustainable progress in sectors such as industrial land in Selangor, office space in Bukit Jalil, and factories in Puchong, transparency and strong governance are critical. Developers and investors must have confidence that the regulatory environment is fair and compliant,” he said.
The MACC reiterated that the fight against corruption remains a national priority, underscoring the role of enforcement agencies in upholding trust and integrity across Malaysia’s commercial, industrial, and real estate sectors.
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