MACC chief commissioner Azam Baki said the investigation was among three probe papers involving IJM opened by the anti-graft agency.
He said the first case involved a probe by the UK authorities into alleged money laundering linked to about RM2.5 billion invested there.
“We are collaborating with the UK authorities and will obtain further information. On our part, we are providing information to the UK authorities.
“So far, we have not reached any conclusion in the matter,” he said in a press conference at MACC’s headquarters here.
The second case involves an alleged bribe payment linked to a project, for which IJM’s chairman has given his statement. “There is still a long way to go in this investigation,” Azam said.
He said the probe into Sunway’s proposed takeover of IJM was the latest investigation, and that the agency was looking into possible bribery and governance issues.
“We are looking at many aspects because IJM’s shareholders include GLCs. This is a concern for us as it involves public funds,” he said.
On Jan 12, Sunway Bhd made a conditional voluntary takeover offer for all 3.51 billion shares in IJM Corporation Bhd at RM3.15 per share.
Based on full acceptance and assuming no revision to the offer price, the exercise would involve a total consideration of about RM11 billion, to be satisfied through a mix of cash and new Sunway shares.
The proposed acquisition is expected to be completed by the third quarter of 2026 if it proceeds.
MACC, however, launched an investigation into IJM over issues involving corporate governance, procurement processes, financial transactions and the ownership of overseas assets estimated at about RM2.5 billion.
IJM has denied the money laundering allegations levelled against two individuals linked to it, including its chairman.
Sunway chairman Jeffery Cheah previously said the company was prepared to walk away from the takeover proposal if IJM’s shareholders did not accept the offer by the April 6 deadline.
Cheah maintained that the deal was made purely on commercial grounds, saying IJM was an “attractive vehicle” and that the timing was right.
Prosecutors to decide next week
Separately, Azam said the probe paper in a case involving e-waste had been submitted to prosecutors, recommending that charges be filed against the environment department director-general, one of his deputies and a former senior official.
He said prosecutors were expected to decide next week whether to charge the trio.
On Jan 29, it was reported that the environment department’s director-general and one of his deputies had been arrested by MACC to assist in investigations into alleged abuse of power and corruption involving e-waste management.
Also arrested were six company owners suspected of involvement in e-waste smuggling over the past five years.