Singaporean businessman and prominent Malaysia property developer Akbar Khan is under investigation for alleged money laundering and corruption by the Malaysian Anti-Corruption Commission (MACC). The 83-year-old, the main shareholder of BRDB Developments Sdn Bhd, was detained for questioning after MACC raids on his Kuala Lumpur home and business premises.
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Why Akbar Khan
His assets and family’s financial holdings were frozen, with Mr. Akbar ordered to declare them. The probe is linked to transactions involving frozen shares and changes in shareholding at conglomerate Multi-Purpose Holdings Bhd (MPHB). The investigation is part of a wider crackdown initiated by the MACC into former finance minister Daim Zainuddin’s financial affairs.
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