anti-graft

Sunway's proposed takeover of IJM values the latter at slightly more than RM11 billion.

Malaysia’s Sunway pushes ahead with RM11 billion IJM takeover despite RM2.5 billion money laundering probe

The construction group’s shares climb after the conglomerate affirms its takeover, easing investor jitters over anti-graft investigation

The anti-graft agency has confirmed freezing IJM bank accounts totalling RM15.8 million (S$5 million) as part of its ongoing probe into the company.

Asean Business

Malaysia’s IJM denies UK probe, money laundering claims amid graft investigation

The Malaysian Anti-Corruption Commission has frozen bank accounts totalling RM15.8 million related to the company, reports say

IJM said its chairman Krishnan Tan had met with the Malaysian Anti-Corruption Commission (MACC) and was cooperating fully with authorities.

Asean Business

Malaysian anti-graft agency opens money laundering probe involving IJM

The confirmation of the probe comes just days after Sunway announced a US$2.71 billion takeover bid for IJM

Former army chief Muhammad Hafizuddeain Jantan has been placed on leave since late December pending an investigation into the matter.

International

Malaysia freezes army and police procurement decisions linked to corruption

[KUALA LUMPUR] The procurement decisions of the Malaysian armed forces and the police linked to a corruption probed will be temporarily frozen until they fully comply with related rules, state media r...

The cash was seized when an individual connected to the case was caught trying to transfer it to another location, says MACC chief commissioner Azam Baki.

International

Malaysia seizes RM2.4 million in cash tied to army procurement graft probe

[KUALA LUMPUR] Malaysia’s anti-graft agency on Wednesday (Jan 7) seized RM2.4 million (S$757,925) in cash linked to an investigation into alleged bribery involving army procurement contracts, state me...