Evidence from CCTV footage indicates that the fall experienced by a Taiwanese individual at the Puchong LRT station may have been accidental; police will launch an investigation into the matter.
Scooping Up the Goods: MACC Seizes Big Bucks Over Highway Scam
Hey there, folks! Let's dive into some juicy news about the Malaysian Anti-Corruption Commission (MACC) that's been making waves. For those that haven't heard, the MACC recently snatched assets worth a whopping RM143 mill from a highway bigwig, sporting the prestigious Tan Sri title. So, what's the scoop?
The highway in question is part of the Klang Valley, and the concessionaire has found themselves in hot water due to the covert usage of sukuk funds. Here's a quick rundown of the loot that MACC walked away with:
- Wallet Wonders: 14 individual accounts totaling RM4.5 mill, and eight company accounts worth a cool RM33 mill.
- Real Estate & Rides: Luxury condos and land worth RM24.5 mill, nine cars costing RM7.65 mill, and 13 more vehicles awaiting the investigative team.
- Swanky Stuff: Luxury watches worth a staggering RM25 mill, handbags worth RM3 mill, posh jewellery and diamonds valued at RM6 mill, four equestrian steeds for RM400k, and alcoholic beverages worth RM3 mill.
- Offshore Riches and Gambling Gains: Over RM15 mill in foreign assets and approximately RM20 mill from gambling activities.
This swag of goodies is part of an ongoing investigation into misconduct involving around RM1.35 billion in sukuk funds between 2016 and 2020. False claims account for roughly RM360 million, RM416 million, and RM50 million in bank loans. Unfortunately, the highway project, valued at RM1.67 billion, never made its deadline, and investigators suspect bribes worth RM12 million were paid to encourage a smoother flow of cash[1][2][3][5].
The misuse of funds reportedly employed some skilled professionals, including auditors, financial experts, engineers, and shell companies. Currently, the MACC is yet to obtain a statement from the Tan Sri, who's hunkered down in a private hospital.
So far, the MACC has racked up 45 statement testimonies. Witnesses who've already contributed are being asked to offer more information. The investigative team is also keeping an eye on luxury vehicles and properties belonging to the Tan Sri abroad, particularly in London and Switzerland.
Investigators are still probing the quantity of high-end liquor stashed away by the Tan Sri and tracking possible fund transfers to other accounts[1][2][3][5]. The MACC has issued an asset declaration notice to not only the Tan Sri but also the related parties. Tune in for more updates as this thrilling saga unfolds!
[1] - Bernama[2] - MACC Investigates Misuse of Funds[3] - RM1.35 Billion Highway Project Under Spotlight[5] - Tan Sri's Health Status Affects MACC Statement Collection
The ongoing investigation by the Malaysian Anti-Corruption Commission (MACC) revolves around alleged misuse of over RM1.35 billion in sukuk funds in the Klang Valley, with the focus on a Tan Sri and his concessionaire. Luxurious items seized include 14 individual accounts, luxury condos, cars, watches, handbags, jewelry, horses, and alcoholic beverages, totaling roughly RM163 million. The investigation also uncovered RM15 million in offshore assets and around RM20 million from gambling activities. The MACC is currently gathering 45 statement testimonies and tracking assets owned by the Tan Sri abroad, mainly in London and Switzerland. The investigation has been complicated by the Tan Sri's current hospitalization. This case falls under the categories of politics, crime-and-justice, and general-news, with the latest developments marked by the seizure of assets worth RM143 million.
