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BorneoPost Online @theborneopost
MACC seizes RM29 mln in connection with probe over ministry’s fund embezzlement
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has seized another RM29 million in connection with its investigation into the alleged fund embezzlement of a ministry.
MACC chief commissioner Tan Sri Dzulkifli Ahmad said this yesterday when delivering his speech at the 9th International Conference on Financial Crime and Terrorism Financing, here.
“Yesterday (Wednesday) we have frozen more than RM150 million in the bank account in a recent Sabah case and I was told just now another RM29 million (in the bank account) has been frozen today (yesterday),” he said.
On Wednesday, more than RM150 million was seized when investigators swooped in on 15 locations in Sabah during an operation.
The MACC has yet to reveal the name of the ministry concerned.
MACC seizes RM29 mln in connection with probe over ministry’s fund embezzlement
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4 October 2017
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A source close to the ongoing probes into the case said MACC investigators had identified at least five ministry officers who were in cahoots with the companies to embezzle the funds.
“They have been doing it for a few years now and were siphoning funds off numerous projects that never materialised.
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New Straits Times @NST_Online 16 hours ago
In NST today!
[EXCLUSIVE] Ministry staff, 10 firms linked to theft of RM100m
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THEY were supposed to execute projects and programmes that would benefit millions of people, including the hardcore poor, but instead, they worked with a number of companies, at least 10 so far, to line their own pockets.
The Malaysian Anti-Corruption Commission (MACC) had been on the case for more than a year, but had been hampered
by their slick operations in which they left hardly any paper trail, and covered each other’s backs.
However, the culprits forgot about the effectiveness of Bank Negara Malaysia’s Suspicious Transaction Report alert system, which was triggered by movements of significant amounts of monies in accounts traced to the suspects.
Sources told the New Straits Times that the scope, breadth and enormity of this case would put other major corruption scandals to shame.
“We are talking about massive amounts of leakages of government funds,” a source said.
In siphoning off massive allocations meant to improve public welfare and local infrastructure, this group of senior officials at a ministry had allegedly worked hand in glove with the companies to declare on paper that the projects they were supposed to undertake had been completed, when in fact nothing had been done.
According to sources, these individuals would have easily pocketed some RM100 million.
“These involved tens of projects and initiatives that were supposed to be implemented to help the poor, including those that cost between RM500 million and RM1 billion.”
One of the initiatives that they had allegedly siphoned money off was the Poor Students’ Food Programme.
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Sumisha NaiduVerified account @SumishaCNA 14 hours ago
For those who can’t access the link.
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October 4, 2017
Report: MACC tracking ministry staff, companies over RM100m theft
PETALING JAYA: A group of senior officials from a federal ministry is on the radar of the Malaysian Anti-Corruption Commission (MACC) over the alleged stealing of millions of ringgit meant to benefit the hardcore poor and students, among others.
A report in the New Straits Times revealed that the officials had conspired with at least 10 private companies, that were supposed to execute projects and programmes that would benefit millions of people, and in the process diverted funds of up to RM100 million to their own pockets.
“We are talking about massive amounts of leakages of government funds as it involved tens of projects and initiatives that were supposed to be implemented to help the poor, including those that cost between RM500 million and RM1 billion,” a source close to the investigation told the daily.
According to NST, MACC started tracking the perpetrators last year. However, sources said the anti-graft agency had yet to find sufficient evidence to nab the officials and company directors involved as they were believed to have been “careful not to leave a paper trail” and also “covered each other’s backs”.
Some of the suspects in the scheme were believed to have slipped up though with Bank Negara Malaysia’s Suspicious Transaction Report alert system picking up on the movement of large amounts of money in their accounts.
The paper said this had triggered the investigations that have been carried out since.
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weehingthong 
Malaysia, boleh