Chairman of Malaysia's IJM Corp detained in anti-graft probe
The arrest happened at the agency’s headquarters following a raid on the suspect’s home
Add BT as a preferred source
[KUALA LUMPUR] Malaysia’s anti-graft body briefly detained the chairman of construction group IJM Corporation for questioning, it said on Friday (Feb 6), part of a probe into alleged corruption involving around RM2.5 billion (S$806.3 million) in funds.
Without naming the figure, the Malaysian Anti-Corruption Commission (MACC) said the arrest happened on Thursday at the agency’s headquarters following a raid on the suspect’s home.
IJM did not immediately respond to a request for comment.
The company said last month that its chairman Krishnan Tan had met with MACC and was cooperating fully with authorities, along with other company officials questioned in connection with the probe.
MACC special operations division senior director Mohamad Zamri Zainul Abidin said in a statement on Friday that the investigation was being carried out under laws related to bribery and money laundering.
The suspect was released due to health concerns within 24 hours after his statement was recorded, he added.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
IJM is the subject of a US$2.71 billion takeover bid by rival conglomerate Sunway, in a deal that could create one of the country’s biggest construction groups. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
