By MalayMail
Malaysian Anti-Corruption Commission (MACC) chief commissioner Abd Halim Aman said investigations found elements that could be investigated under the MACC Act 2009 as well as the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA), involving two individuals.
He said that so far, the MACC had recorded statements from 13 individuals to assist in the investigation.
“The investigation papers for this case are still active because through investigations conducted by the MACC, we found elements that can be investigated under the relevant laws,” he told Bernama after a working visit to the Selangor MACC office here yester`day.
Commenting on another development, Abd Halim confirmed that the MACC’s investigation into IJM Corporation chairman Krishnan Tan had been classified as “No Further Action” after finding no elements of criminal conduct, misconduct or breaches of corporate governance.
He said investigations found that the proposed acquisition was carried out in accordance with the legal and regulatory framework set by the Securities Commission, although the proposal was later cancelled by Sunway Berhad.
Meanwhile, he said investigations into allegations of RM2.5 billion in money laundering were also found to be baseless after the MACC conducted joint investigations with Bank Negara Malaysia, the Inland Revenue Board and the United Kingdom’s Serious Fraud Office.
“The investigation found that it involved minor assets in the form of legitimate financial investments through international banking institutions and managed professionally through lawful channels,” he said.
He said the UK’s Serious Fraud Office had also confirmed that it had never conducted any investigation related to the alleged flow of funds.
Last March, the MACC announced that it had opened investigation papers concerning several issues involving the company, including financial transactions and overseas investments worth approximately RM2.5 billion. — Bernama
Source: macc-probing-two-individuals-over-ijm-corp-share-acquisition
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