MACC Freezes RM6.7 Million in 1MDB-Linked Funds

MACC chief Azam Baki says a prohibition order was obtained on US$1.7 million in funds linked to 1MDB.

MACC Freezes RM6.7 Million in 1MDB-Linked Funds

Image: thestar.com.my

The Malaysian Anti-Corruption Commission (MACC) has obtained a prohibition order on transactions involving US$1.7 million (approximately RM6.7 million) in funds linked to the 1Malaysia Development Berhad (1MDB) scandal, according to MACC chief commissioner Tan Sri Azam Baki.

Azam Baki stated that the order was secured to prevent the transfer of these funds, which are believed to be connected to the ongoing 1MDB investigation. He did not provide further details on the specific accounts or individuals involved, citing the ongoing nature of the probe.

The MACC's action is part of broader efforts to recover assets linked to the multibillion-dollar 1MDB scandal, which has implicated high-profile figures in Malaysia and abroad. The commission has previously recovered billions of ringgit in assets and funds through various legal proceedings.

This latest development underscores the continued enforcement actions by Malaysian authorities in the 1MDB case, which remains one of the largest financial scandals in global history.

❓ Frequently Asked Questions

What is the amount of funds frozen by MACC?

The MACC obtained a prohibition order on US$1.7 million (approximately RM6.7 million) in 1MDB-linked funds.

Who announced the prohibition order?

MACC chief commissioner Tan Sri Azam Baki announced the order.

Is this part of a larger investigation?

Yes, this is part of ongoing efforts by Malaysian authorities to recover assets linked to the 1MDB scandal.

📰 Source:
thestar.com.my →
Share: