MACC freezes another RM29m

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has frozen another RM29 million today in connection with its investigation into the alleged fund embezzlement of a ministry.
MACC chief Commissioner Tan Sri Dzulkifli Ahmad said this today when delivering his speech at the 9th International Conference on Financial Crime and Terrorism Financing.
"today we froze more than RM150 million in the bank account pertaining to a recent case in Sabah. I was told that another RM29 million (in the bank account) has been frozen."
today, more than RM150 million was frozen when investigators swooped in on 15 locations in Sabah during an operation.
The MACC has yet to reveal the name of the ministry concerned.
Meanwhile, in his speech, Dzulkifli revealed that the amount of corrupt monies seized and recovered had been staggering.
"In 2015, MACC forfeited RM3.9 million while last year the amount was RM4.95 million.
"Until September this year, a sum of RM21.4 million was forfeited. This amount reflects an increase of almost 400% compared with the previous year."
He said the success of the robust enforcement was evident of the crucial role and effectiveness of compliance.
"The achievement of MACC could only be credited to the growing awareness, influence and excellent cooperation with our partners in the compliance community.
"However, these accomplishments should not go to our heads and we cannot afford to slow down our enforcement efforts."
Dzulkifli said MACC could still do and achieve more with the right compliance mindset.