PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) said those who are unhappy with compound notices over funds from 1MDB can take it up with the finance ministry.
MACC deputy chief commissioner Azam Baki said that as far as the agency is concerned, it has followed the law in calculating the amounts it is claiming.
On Oct 7, MACC said it had served compound notices to 80 individuals and companies said to have benefited from 1MDB to the tune of RM420 million.
The compound notices were issued under Section 92(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
Included in the list is former CIMB group chairman Nazir Razak, the brother of former prime minister Najib Razak, who is currently facing trial over 1MDB-related matters.
Also named are groups linked to Umno as well as entities with ties to the opposition.
MACC chief commissioner Latheefa Koya had said the fine for failing to pay the compound within two weeks can be up to two-and-a-half times the original amount.
Pontian MP Ahmad Maslan had accused MACC of abusing its powers, saying it was unfair in calculating the amounts demanded.
At a press conference at the MACC headquarters here today, Azam said 10% of those served with compound notices are willing to pay up.
He said 40% of them want to take legal action against MACC, while 45% are seeking to appeal against the compound notices.
“But three individuals are refusing to accept the compound notices, even though they were served on them,” he said.
Azam said MACC set up a task force two weeks ago to detect 1MDB assets overseas.
“We can’t estimate how much from the total has been recovered, but the task force is trying to detect their whereabouts,” he said.
He said MACC is trying to overcome difficulties involving jurisdiction with foreign enforcement agencies by working together with them. - FMT
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