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Malaysia seizes cash, gold, and luxury assets in expanding military procurement corruption probe

30 14
yesterday

Malaysia’s anti-corruption authorities have significantly expanded a high-profile investigation into alleged corruption within the country’s military procurement system, announcing the seizure of millions of dollars in cash, gold, and luxury goods, along with the freezing of numerous company bank accounts. The probe, which centers on suspected bribery, abuse of power, and money laundering linked to defense contracts, has already led to dozens of arrests and drawn public attention to longstanding concerns over transparency and governance in defense spending.

The Malaysian Anti-Corruption Commission (MACC) said the investigation involves two interrelated cases that together point to what officials describe as a coordinated scheme to manipulate military procurement tenders. Speaking at a news conference, MACC Chief Commissioner Azam Baki confirmed that 23 individuals have been arrested to date. Those detained include both military personnel and civilian contractors, highlighting the breadth of the alleged network.

According to Azam, the larger of the two cases has resulted in the seizure of approximately 5.8 million ringgit (about $1.4 million) in cash. In addition to the cash, investigators confiscated a wide array of high-value assets, including a luxury Range Rover vehicle, dozens of expensive watches, and significant quantities of gold, diamonds, and other jewelry. The total estimated value of the seized assets stands at around 11.4 million ringgit, or roughly $2.8 million. Authorities also froze dozens of company bank accounts holding more than 30 million ringgit, equivalent to approximately $7.6 million, as they continue to........

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