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Malaysia's MACC arrests IJM Corp's chairman over alleged corruption, asset misuse, and governance failures tied to a major acquisition.
The Malaysian Anti-Corruption Commission (MACC) detained IJM Corp’s chairman, 70, over an investigation into alleged corporate governance failures, procurement misconduct, and overseas assets worth RM2.5 billion, freezing 55 accounts.
The probe, which includes raids and the summoning of 15 individuals, follows earlier scrutiny of the firm’s finances and corporate practices.
The UK’s Serious Fraud Office is also investigating IJM, raising concerns about a proposed RM11 billion acquisition by Sunway Bhd.
Meanwhile, other developments include charges against a former executive for fraud, arrest warrants for absent immigration officers, the Federal Court upholding a rape conviction, and seizures of counterfeit goods, illegal e-waste, and chicken with questionable halal certification.
El MACC de Malasia detiene al presidente de IJM Corp por presunta corrupción, mal uso de activos y fracasos de gobierno vinculados a una adquisición importante.