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THE Malaysian Anti-Corruption Commission (MACC) is investigating IJM Corporation over allegations involving corporate governance practices, procurement processes, financial transactions and ownership of overseas assets estimated to be worth about RM2.5 billion.
As part of the investigation, MACC officers carried out inspections and searches at four separate locations, comprising the residence and office of one of IJM Corporation’s top management personnel.
At the same time, the commission froze 55 personal and corporate bank accounts linked to the case, involving an estimated total of RM15.8 million.
Investigators are also focusing on tracing and seizing other assets suspected to have been acquired through money laundering activities.
So far, nine statements have been recorded, including those from two members of the company’s top management. MACC said the recording of statements from the two senior executives continued today, while a further five witnesses are expected to be called to assist the investigation.
On Jan 19, the MACC Special Operations Division began probing two top management figures from IJM Corporation in connection with the case.
MACC chief commissioner Tan Sri Azam Baki confirmed that the investigation is being conducted under Section 16 of the MACC Act 2009 and Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. - January 21, 2026