Foreign Currency

MACC seizes RM5 million in foreign currency from politician’s ‘safe house’


Malaysian Anti-Corruption Commission (MACC) logo.

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By DayakDaily Team

KUALA LUMPUR, Oct 14: The Malaysian Anti-Corruption Commission (MACC) seized about RM5 million in foreign currency found in a politician’s ‘safe house’ during a raid.

According to a news report from Bernama, a MACC source revealed the raid was conducted on Oct 12 following the arrest of two individuals, including a former senior executive from the former Menteri Besar Selangor Incorporated on Oct 10.

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The sources said one of the suspects disclosed the existence of the safe house, which is believed to have been used to store cash derived from corruption linked to the politician.

“As a result, a raid was carried out around 10pm last night (Oct 12) at an apartment unit rented by a businessman, where the MACC found S$1,529,000 (approximately RM5 million).

“This money is believed to have been kept for the politician’s use to support his political activities. It is understood that the money was provided by an unidentified individual and stored by the businessman at the direction of the politician,” the source told Bernama.

According to the source, the case was being investigated under Section 16 of the MACC Act 2009.

Following the seizure, the MACC also froze around 15 bank accounts belonging to several individuals and companies, including those believed to be used for facilitating corruption.

MACC chief commissioner Tan Sri Azam Baki, when contacted by Bernama, confirmed the seizure and the arrests. — DayakDaily

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