Kuala lumpur: The Malaysian Anti-Corruption Commission (MACC) is tracing the flow of funds related to the embezzlement of RM230 million by a non-governmental organisation (NGO). MACC chief commissioner Tan Sri Azam Baki said the commission is obtaining detailed financial records from several banking institutions, aiming to secure them within a week.
According to BERNAMA News Agency, the MACC is gathering more information and statements, including awaiting confirmation from banks on the volume of funds transferred into personal accounts. While the commission is seeking the data promptly, banks typically require at least a week to process such requests. This investigation spans from 2018 to the present, requiring time for banks to provide the necessary documents.
Azam made these remarks after witnessing the signing of a Memorandum of Agreement (MoA) between the MACC and the Enforcement, Leadership, and Management University (ELMU). The MoA was signed by acting commissioner Datuk Mohd Hafaz Nazar on behalf of the MACC and chief financial officer Datin Noraini Aripin for ELMU.
The investigations have revealed clear indications that the funds were misused for personal gain, including asset purchases. Pertubuhan IKRAM Malaysia (IKRAM) is also under investigation, with the possibility of summoning more individuals, including family members who may have benefited from the funds, for questioning.
The MACC recently seized immovable assets estimated at RM18.36 million, including 14 properties such as residential houses, office spaces, and land plots. These assets are located in Kundang, Marang, and Temasya Glenmarie.
Azam confirmed that the RM230 million embezzlement case involved public donations rather than zakat funds. He emphasized the necessity for a new mechanism or law in Malaysia to monitor and supervise funds entering NGOs to prevent misuse. The lack of specific laws monitoring funds given to NGOs, especially those exploiting religious sentiments, poses a challenge that the commission is addressing with relevant authorities.