PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) has opened two investigations into the alleged misappropriation of nearly RM300mil in investment funds linked to an individual with the title Tan Sri. “Initial investigations found that between 2021 and 2024, nearly RM300mil was collected from about 1,700 investors for investment in two companies. The Tan Sri involved is alleged to have used his position and influence to attract and influence the public to invest in the scheme. Azam said the case originated about two years ago and involved several ambiguous investment schemes that promised high returns. As such, Azam advised the public not to be easily persuaded by investment schemes and to verify with the authorities before investing, noting that some victims suffered losses of up to RM4mil.

Source: The Star January 25, 2026 06:23 UTC