The Malaysian Anti-Corruption Commission has detained the chairman of IJM Corporation Bhd as part of an investigation into suspected corporate governance irregularities, financial transactions and overseas assets estimated at RM2.5 billion, freezing dozens of bank accounts
Company director with ‘Datuk Wira’ title suspected of channelling illicit funds from RM400mil loan for fibre optic project; 72 bank accounts frozen, luxury cars seized
There has been a spate of viral videos showing vehicles from neighbouring countries such as Thailand and Singapore being filled with Malaysia's heavily subsidised RON95 petrol, indicating a blatant disregard for local laws.
The Malaysian Anti-Corruption Commission is probing IJM Corporation over alleged money laundering and possible share price manipulation involving RM2.5bil, a probe that could jeopardise Sunway Group’s proposed RM11.5bil takeover of the construction giant
