The Malaysian Anti-Corruption Commission (MACC) is broadening its investigation to trace fraudulent investment assets abroad, collaborating with international agencies like Interpol, the US FBI, and the UK’s National Crime Agency. They are also working with Bank Negara Malaysia (BNM) to track assets and illicit money, believed to amount to millions of ringgit.
MACC ending fraud
This comes after the successful dismantling of an international investment fraud syndicate in Operation Tropicana in February. Following charges against four foreign masterminds, the anti-corruption agency is focusing on individuals rather than financial institutions. These professionals, including bank officers, accountants, and company secretaries, facilitated the illegal operation.
Five major Malaysian banks are under scrutiny for their alleged use by the syndicate, with at least 20 bank staff believed to have assisted in opening accounts for the collection of victims’ cash deposits.
Read More News @LatestMalaysia
Affordable Menu Rahmah Siswa Launched At RM3.50 Only
This Siswa initiative will benefit 320,000 students from low-income B40 families yet some will complain that it is too expensive but not everything can be free, KEEP READING