Malaysia’s Former PM Ismail Sabri Discloses Wealth Amid Corruption Investigation

Former Malaysian Prime Minister Ismail Sabri Yaakob has declared his wealth amid a corruption probe linking him to nearly $40 million in seized assets. The investigation by the Malaysian Anti-Corruption Commission focuses on government spending during his time in office. Four senior officials have also been detained as part of this inquiry, which has resulted in the seizure of significant cash and gold commodities.

KUALA LUMPUR (Reuters) – Former Prime Minister of Malaysia, Ismail Sabri Yaakob, has officially declared his assets to the authorities following an ongoing investigation into corruption and money laundering. This move comes after the seizure of assets valued at nearly $40 million that are alleged to be associated with him. The Malaysian Anti-Corruption Commission (MACC) is scrutinizing expenditures related to government publicity and procurement during Ismail’s premiership, which lasted from August 2021 to November 2022.

In a recent statement, the anti-corruption agency disclosed that Ismail Sabri submitted his wealth declaration on February 10, as mandated by the authorities. The following week, law enforcement officials recorded his statement, indicating the possibility of further questioning should the investigation require it. Additionally, the MACC has detained four senior officials who previously worked under Ismail Sabri, and they have executed raids at four different locations.

Following these raids, substantial evidence was gathered, including cash summing up to 170 million ringgit in various currencies and the confiscation of 16 kilograms of gold bars, although specific details regarding additional findings were not disclosed. This series of investigations stems from earlier inquiries regarding the improper expenditure of approximately 700 million ringgit (around $157 million) linked to Ismail Sabri’s government’s promotional efforts.

In summary, the Malaysian Anti-Corruption Commission continues its investigation into former Prime Minister Ismail Sabri Yaakob, focusing on significant government expenditure during his administration. His recent asset declaration forms part of the probe that has also seen multiple officials detained and substantial assets seized. The ongoing inquiry underscores the critical efforts being made against corruption in Malaysia.

Original Source: www.usnews.com