MACC raids tycoon's house over govt car fleet concession probe

 

The MACC raided the house of a tycoon yesterday as part of a probe into a concession to provide and service the government's fleet of vehicles.

Also raided were the offices of companies affiliated to the businessperson.

Media reports cited MACC chief commissioner Azam Baki and investigations director Hishamuddin Hashim as confirming the raid.

Utusan Malaysia cited a source as saying more than documents on over 100 private and corporate accounts were seized for further investigation.

However, no accounts were reportedly frozen.

From 1993, a single company, Spanco Sdn Bhd, had held the concession to procure and maintain the government's fleet of vehicles.

But when the contract expired in 2019, an open tender was launched to award the next contract.

Berjaya Group and Naza Sdn Bhd formed a concession and bagged the contract through a letter of intent (LOI) that year.

LOI issue

However, the LOI was terminated in 2020 and the tender was awarded to Spanco.

Berjaya founder Vincent Tan

Then in July last year, Berjaya founder Vincent Tan filed a lawsuit against the Finance Ministry and Spanco over the terminated LOI.

Tan also alleged that the Spanco award was also highly inflated.

Tan's allegations prompted calls for the MACC to launch an investigation.

However, there had been no developments on the probe until the raid was carried out yesterday.

The timing of the probe coincides with the MACC investigating former finance minister Daim Zainuddin and his family, as well as Mirzan Mahathir - the son of former prime minister Dr Mahathir Mohamad.

The tycoon whose house was raided by the graft busters yesterday is reportedly Daim’s close associate. - Mkini