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THE Malaysian Anti-Corruption Commission (MACC) is reportedly coordinating with authorities in the United Kingdom as part of an investigation into an international law firm suspected of involvement in the misappropriation of funds from the 1Malaysia Development Berhad (1MDB) scandal.
According to a New Straits Times report, MACC Chief Commissioner Tan Sri Azam Baki confirmed that the collaboration is centred on the sharing of intelligence regarding cross-border financial transactions and the role of professional service providers in the alleged misappropriation.
The law firm under scrutiny is believed to have connections to the alleged diversion of approximately US$1 billion (around RM4.08 billion), with some US$700 million reportedly transferred to an offshore entity beyond the control of 1MDB.
“International cooperation has become essential to advance investigations and support asset recovery efforts linked to 1MDB,” Azam said, highlighting the importance of joint efforts in tackling complex global financial crimes.
MACC has previously estimated that as much as RM42 billion was siphoned from the state-owned fund, with around 70 per cent of the misappropriated assets already recovered. The ongoing probe underscores the Malaysian authorities’ determination to pursue accountability and prevent the illicit movement of funds across borders.
The investigation marks another step in MACC’s sustained efforts to hold all parties involved in the 1MDB scandal accountable, demonstrating the critical role of international collaboration in combating large-scale financial corruption. - December 20, 2025