“On Oct 1, the Kuala Lumpur Sessions Court approved the forfeiture of the seized money after no party came forward to claim it,” the statement said. A total of 27 people, including 18 enforcement officers, were arrested following operations in Kuala Lumpur, Negeri Sembilan, Melaka and Selangor, with 57 bank accounts worth approximately RM2.7 million frozen. The three individuals were detained between Nov 27 and 28, before Albert Tei and Shamsul Iskandar were charged at the Kuala Lumpur Sessions Court on Dec 4. According to statistics, the MACC recorded seizures amounting to RM566.77 million under the MACC Act 2009 and RM6.26 billion under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, in addition to freezing assets worth RM36.14 million as of Nov 30. During the same period, the MACC received 6,114 pieces of information, opened 966 investigation papers, arrested 1,128 individuals, filed 445 charges and recorded 189 convictions, the statement said.

Source: The Edge Markets December 23, 2025 12:38 UTC