PUTRAJAYA, March 16 — The Royal Malaysian Police (PDRM) confirmed that it has conducted inspections of several premises belonging to a businessman following allegations of corporate manipulation linked to the Malaysian Anti-Corruption Commission (MACC).
Inspector-General of Police Datuk Seri Mohd Khalid Ismail said the investigation was being conducted by the Bukit Aman Anti-Money Laundering (AMLA) Special Task Force.
"We have taken action at several premises linked to the individual in question; the matter is still under investigation. If there is any development, I will hold a press conference," he said during a media conference at the Putrajaya district police headquarters today.
Earlier today, it was reported that PDRM and the Malaysian Securities Commission (SC) raided premises belonging to corporate figures in Sungai Long and Kemensah, Selangor.
Among the items seized in the operation were two cars, luxury watches, jewellery, cash in ringgit, several foreign currencies, and documents believed to be related to the investigation.
Previously, Communications Minister Datuk Fahmi Fadzil said that the Cabinet had instructed several enforcement agencies, including PDRM, the SC, the MACC, and the Inland Revenue Board, to continue detailed investigations into corporate manipulation.
Appropriate legal action would be taken, including the seizure of proceeds believed to have criminal elements.
On February 11, Bloomberg published an article detailing allegations that a group of businessmen collaborated with several MACC officers, including its Chief Commissioner Tan Sri Azam Baki, to pressure corporate figures in a company takeover case.
However, Azam vehemently denied the allegations and has filed a suit against Bloomberg demanding RM100 million in damages.
