KUALA LUMPUR – Former Economy Minister Datuk Seri Rafizi Ramli presented himself again at the Malaysian Anti-Corruption Commission (MACC) headquarters this morning to continue giving his statement in an investigation into alleged abuse of power and misappropriation involving RM1.1 billion in investments.
Speaking to reporters upon his arrival at 9.30 am, Rafizi stressed that the probe so far does not involve elements of corruption or financial transactions.
“It is straightforward because the investigation, at this stage, is not related to money or corruption, but concerns procedures… all of which are in government records.
(I have) nothing to hide,” he said.
The Pandan Member of Parliament, who had also given a statement yesterday, added that he could not comment further as investigations are ongoing.
Rafizi is being questioned over allegations linked to a semiconductor investment deal involving a strategic collaboration between the Ministry of Economy and UK-based chip design company Arm Holdings.
Last Saturday, MACC senior investigations director Datuk Mohd Hafaz Nazar confirmed that Rafizi had been called in to assist investigations under Section 23 of the MACC Act 2009, which relates to abuse of position for gratification.
In a separate statement, Mohd Hafaz said Rafizi’s attendance was part of efforts to assist the commission in completing its ongoing investigation.
The case has drawn public attention as it involves one of the largest investment figures under scrutiny in recent years. Section 23 of the MACC Act has previously been invoked in high-profile cases where questions arose over whether public officials had misused their positions for personal or political gain. – May 5, 2026