RM1.1 Billion Semiconductor Deal Probe In Final Stages, Two Identified To Be Charged - Azam Baki

PUTRAJAYA, May 6 (Bernama) -- The Malaysian Anti-Corruption Commission (MACC) is in the final stages of its investigation into a RM1.1 billion investment linked to a semiconductor strategic cooperation agreement between the Ministry of Economy and a UK-based company, Arm Holdings.

Chief commissioner Tan Sri Azam Baki said 22 witnesses have been called so far, including former Economy Minister Datuk Seri Rafizi Ramli and political analyst Chai Jin Shern, also known as James Chai.

“At this stage, the investigation is nearing completion. Only two more witnesses need to have their statements recorded - one in Taiwan and one locally.

“So far, we have identified two individuals whom we will recommend to be charged in court. It is up to the Attorney-General to make the final decision,” he said, declining to disclose their identities.

On the recording of Rafizi’s statement, Azam said he expects the process to conclude today.

He added that the probe focuses on offences under Section 23 of the MACC Act 2009 involving abuse of power, as well as cheating under Section 420 and criminal breach of trust under Section 409 of the Penal Code.

The MACC opened its investigation on Feb 16 following complaints from several non-governmental organisations alleging the agreement was rushed and skewed, potentially resulting in financial implications for the government.

-- BERNAMA