KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has seized assets worth RM32 million from a highway concessionaire bearing the title ‘Tan Sri’, as part of its investigation into the alleged misappropriation of sukuk funds allocated for highway construction in the Klang Valley.
According to sources, MACC’s Investigation Division conducted searches at two residences in the capital, confiscating 217 luxury watches valued at RM5 million, 27 high-end handbags worth over RM1 million, and RM4 million worth of jewellery. Nine luxury vehicles, including models from Bentley, Mercedes-Benz, and Range Rover, estimated to be worth RM7 million, were also seized.
Additionally, MACC uncovered a luxury liquor collection believed to be linked to money laundering activities, valued at approximately RM3 million. A high-end residential property in the capital, worth around RM12 million, was also seized.
The seizures were made under the MACC Act 2009 and the Anti-Money Laundering and Anti-Terrorism Financing Act (AMLA) 2001 as investigations continue.
