MACC raids 8 GLCs, 9 companies over alleged misappropriation of RM92.5b by previous administration

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The MACC has raided eight government-linked companies (GLCs) and nine firms in regard to the alleged misappropriation of RM92.5 billion in government funds by the previous administration.

A source familiar with investigations told Harian Metro that the eight GLCs were said to have received the biggest allocations through the stimulus packages greenlit by the government in 2020 and 2021.

“MACC officers also raided nine companies that functioned as main suppliers to the GLCs and seized documents. However, investigations are still in the early stages.

“The MACC needs more time to thoroughly probe the case, and until then, not many details can be provided,” the Malay daily quoted the source saying.

It was earlier reported that MACC was probing the alleged misappropriation of RM92.5 billion, which was part of the RM530 billion amount spent as part of economic incentive packages in 2020 and 2021 in relation to the management of the Covid-19 pandemic.

As part of the probe, MACC is expected to call up Perikatan Nasional chairperson Muhyiddin Yassin, who was then prime minister, as well as current International Trade and Industry Minister Tengku Zafrul Abdul Aziz who then served as finance minister, and former health minister Khairy Jamaluddin.

Muhyiddin had previously denied allegations of misappropriation and declared his readiness to face any investigations.

Similarly, Zafrul had also said he has nothing to hide and will cooperate with the MACC if summoned. – Malaysiakini