MACC Freezes Over RM116 Million in Assets, Seizes RM97 Million in Operations
Anti-Corruption Efforts Intensify in 2024
The Malaysian Anti-Corruption Commission (MACC) has made significant strides in its efforts to combat corruption and financial crimes, with a total of RM116 million in assets frozen last year under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001. This milestone is a testament to the commission’s commitment to upholding transparency and integrity in Malaysia’s financial system.
Assets Seized and Forfeited
In a special press conference, MACC chief commissioner Tan Sri Azam Baki revealed that assets worth more than RM97 million were also seized during operations carried out over the same period. Additionally, the commission forfeited assets valued at over RM12 million and recorded a compound of RM60,824.
Compounds and Arrests
According to statistics, 1,163 cases with compounds amounting to RM60.82 million were also recorded. This highlights the significant number of cases that have been brought to justice, with the majority of them resulting in financial penalties. Throughout 2024, 1,334 individuals were arrested, and 453 of them were charged in court.
Legal Provisions
Azam explained that the forfeiture of assets was carried out under various legal provisions, including the Criminal Procedure Code and the MACC Act 2009. This demonstrates the commission’s commitment to upholding the law and ensuring that those found guilty of financial crimes face the consequences.
Conclusion
The MACC’s efforts to combat corruption and financial crimes are a crucial step in maintaining a transparent and ethical financial system. As the commission continues to work towards this goal, it is essential to remain vigilant and proactive in addressing these issues. By doing so, Malaysia can maintain its position as a stable and attractive destination for businesses and investors.
FAQs
- What is the total value of assets frozen by the MACC in 2024?
- RM116 million
- What is the total value of assets seized by the MACC in 2024?
- Over RM97 million
- How many cases with compounds were recorded by the MACC in 2024?
- 1,163
- What is the total value of compounds recorded by the MACC in 2024?
- RM60.82 million
- How many individuals were arrested by the MACC in 2024?
- 1,334
- How many individuals were charged in court by the MACC in 2024?
- 453