More than RM15m frozen in IJM probe

 

MACC has frozen more than RM15 million in 55 bank accounts as part of the money-laundering probe involving conglomerate IJM Corporation Berhad.

Quoting sources, Berita Harian reported that the accounts had been frozen yesterday following raids by the anti-graft agency at properties linked to IJM.

These four locations included offices belonging to the construction firm as well as private residences, the Malay daily reported.

The raids, which are part of Ops Heart, are part of MACC’s investigation into allegations of a RM2.5 billion money laundering scheme involving the conglomerate.

Yesterday, nine individuals, including two persons of interest, gave their statements at MACC headquarters, according to MACC chief Azam Baki.

Sources from the commission disclosed that a member of the company’s top management with the title “Tan Sri” and a company adviser had been identified as persons of interest.

In Berita Harian’s report this morning, a source said that the raids followed MACC’s questioning of two of IJM’s high-ranking officials.

The investigation involves looking into the firm’s corporate governance, procurement procedures, financial transactions and ownership of assets in other countries, the source reportedly said.

Following the raids, 55 bank accounts belonging to the company and certain individuals worth RM15.8 million have been frozen, the Malay daily said.

IJM is a publicly listed conglomerate with businesses in construction, property development, manufacturing, quarrying, and infrastructure concessions. - Mkini