Malaysian Anti-Corruption Commission investigates a RM1.1 billion government agreement with a foreign company over alleged irregularities and conflicts of interest.

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has launched an investigation into a RM1.1 billion agreement between the government and a foreign company.

The probe follows complaints from non-governmental organisations alleging the deal was hastily arranged and potentially biased.

A source said the investigation involves alleged leakages of significant government funds.

Preliminary information suggests the proposed agreement lacked approval from the Ministry of Finance or the Ministry of International Trade and Industry.

“However, the agreement was nonetheless signed in haste, and this will be verified through the testimony of key witnesses,” the source said.

The commission seized several related documents from the Ministry of Economy on Feb 13 to assist the investigation.

It is also examining potential conflicts of interest involving several individuals.

These individuals were reportedly appointed to senior positions in the foreign company after leaving the relevant ministries.

MACC is expected to summon several key witnesses, including ministry secretaries-general, for clarification.

MACC deputy chief commissioner (Operations) Datuk Seri Ahmad Khusairi Yahaya confirmed an investigation is open but declined further comment.

The case is being investigated under relevant laws for elements of corruption, abuse of power, or misappropriation.

 The Sun Malaysia