Malaysia narrows scope of probe into alleged misuse of Covid-era funds
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MALAYSIA’S anti-graft agency said that its investigation into the alleged misuse of Covid-era stimulus packages by the previous administration will focus on RM92.5 billion (S$28.3 billion) spent by the government.
This came a day after the Malaysian Anti-Corruption Commission (MACC) said that it had opened an investigation into the alleged misappropriation of RM600 billion of public funds. The amount was intended for measures to help tackle the pandemic.
On Friday (Dec 9), the MACC said that the government spent a total of RM530 billion in 2020 and 2021 on stimulus packages, based on inputs from the finance ministry. Of this amount, RM437.5 billion were external or non-government funds.
The finance ministry is due to submit details of how the public funds were used next week. BLOOMBERG
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