00:00The Malaysian Anti-Corruption Commission is looking into allegations of a 2.5 billion ringgit money laundering scheme involving top executives in IJM Corp Berhad.
00:11The news portal Scoop quoted a source as saying that two officials at IJM had been identified by MACC as persons of interest, but both were currently overseas.
00:22The investigation was launched after the UK's serious fraud office probed suspected corruption and money laundering involving multi-billion ringgit investments involving the duo.
00:34The source said MACC was still gathering information on the allegations and that an official investigation had yet to be launched.
00:42The Anti-Graft Agency is reportedly looking into the possibility of share price manipulation in connection with the money laundering case.
00:50It is said that the case could derail Sunway Berhad's proposed acquisition of IJM in a mega cash and shares deal worth over 11 billion ringgit.
01:00The MACC source said the agency has approached Sunway to assist in its investigation.
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