The Tan Sri is reportedly a close associate of Daim.
The Malaysian Anti-Corruption Commission (MACC) conducted a raid on the residence of a businessman holding the title Tan Sri, as part of an investigation into corruption allegations related to the procurement and management of the government’s vehicle fleet valued at RM4.5 billion.
Sources revealed that the businessman, identified as the main shareholder in the company supplying vehicles to the government, is under scrutiny.
The MACC also extended its investigation to four companies, including a government vehicle supplier and three investment firms associated with the tycoon.
Over 100 personal and company accounts controlled by the Tan Sri were reportedly seized during the raid, although they have not been frozen at this stage.
The MACC chief commissioner, Tan Sri Azam Baki, and MACC Investigation Division senior director, Datuk Seri Hishamuddin Hashim, confirmed the raid.
The businessman’s company has held the concession for supplying and managing government vehicles since 1993.
In 2018, the contract with Spanco Sdn Bhd, the tycoon’s company, expired, leading to a competitive bidding process in 2019.
The contract, spanning 15 years and involving approximately 12,500 vehicles, was estimated to be worth around RM300 million annually starting after the fifth year.
Despite the initial joint venture firm between Berjaya Corporation Bhd and Naza Corporation Holdings Sdn Bhd winning the bid, the letter of intent was later withdrawn in 2020 during the Muhyiddin administration, and the contract was awarded to Spanco again.
Last July, Vincent Tan, founder of Berjaya, filed a lawsuit against the Finance Ministry and Spanco, alleging that the contract was awarded to Spanco despite their higher bid.
Tan’s claims triggered calls for an MACC investigation. However, significant developments only emerged with the recent raid on the businessman’s residence.
The investigation’s timing coincides with the MACC’s ongoing probe into former finance minister Daim Zainuddin and his family, along with Mirzan Mahathir, the son of former Prime Minister Dr Mahathir Mohamad.
The businessman, whose residence was raided, is reportedly a close associate of Daim.