KUALA LUMPUR, Oct 18 – The Malaysian Anti-Corruption Commission (MACC) has frozen assets worth millions of ringgit as part of its ongoing investigation into the Selangor Menteri Besar Incorporated (MBI) over allegations of corruption involving sand mining concessions.
MACC Chief Commissioner Tan Sri Azam Baki said no new arrests have been made in the case thus far.
“The remand period for an individual previously arrested has been extended by seven days to facilitate further investigation. Officers are still tracing shares suspected to have been received as bribes, which are currently held in several companies,” he told a press conference after a governance enhancement signing ceremony between MACC and the Social Security Organisation (Perkeso) on Friday.
Azam added that MACC is investigating 20 other projects and expects to provide an update on the case within the next three to four days.
Last Thursday, two individuals – a former MBI senior executive and a businessman, were arrested in connection with the investigation.
To date, MACC has raided nine premises and seized nearly RM6 million in cash, including RM5 million in foreign currency discovered at a residence.
