MACC freezes assets worth millions in MBI sand mining concession probe

MACC freezes assets worth millions in MBI sand mining concession probe

MACC officers are still tracing shares suspected to have been received as bribes.

MACC chief commissioner Azam Baki said no new arrests have been made in a corruption probe involving sand mining concessions granted by an MBI subsidiary. (Bernama pic)
PETALING JAYA:
The Malaysian Anti-Corruption Commission (MACC) has frozen assets and accounts worth millions of ringgit as part of its investigation into corruption involving sand mining concessions granted by a Menteri Besar Selangor Incorporated (MBI) subsidiary.

MACC chief commissioner Azam Baki said no new arrests have been made in the case thus far, reported Bernama.

“The remand period for an individual previously arrested has been extended by seven days to facilitate further investigation,” he told a press conference in Kuala Lumpur.

“MACC officers are still tracing shares suspected to have been received as bribes, which are currently held in several companies.”

MACC detained four individuals last week on suspicion of corrupt practices related to sand mining concessions in Selangor.

Azam added that MACC is investigating 20 other projects and expects to provide an update in the next few days.

To date, MACC has raided nine premises and seized nearly RM6 million in cash, including RM5 million in foreign currency discovered at a residence.

Several investigation papers have been opened under the MACC Act 2009 and the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.

Azam previously said a prominent politician linked to the investigation would be called once certain information had been verified.

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.