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Friday, August 18, 2017

Is MACC bold enough to go after 1MDB?

Dr Dzul of Amanah says he doubts it, but he commends the agency for arresting Isa Samad.
Dzulkefly-AhmadKUALA LUMPUR: Amanah chief strategist Dr Dzulkefly Ahmad has voiced doubt that the government will allow the Malaysian Anti-Corruption Commission (MACC) to step up investigations into the 1MDB affair and make arrests that are more spectacular than this week’s detention of former Felda chairman Isa Samad.
He commended MACC for Isa’s arrest and noted that Umno leaders “wasted no time to blow their trumpet” in claiming that Prime Minister Najib Razak’s administration was serious about tackling corruption.
“But will MACC be allowed to step up investigations and apprehend top ranking officials allegedly involved in the misappropriation or plundering of funds from 1MDB and its subsidiary, SRC International Sdn Bhd?” he asked.
Nevertheless, he said, Isa’s arrest showed that MACC had become bolder. It must now ensure that charges would be pressed if warranted, he added.
Isa was placed under arrest on Tuesday, when he went to the MACC headquarters in Putrajaya to give a statement pertaining to the 2014 purchase of a London hotel by Felda Investment Corporation (FIC).
MACC opened its investigation into the purchase last month. The hotel, located in the borough of Kensington, was allegedly bought at a price much higher than the market value. This was said to have caused the Felda subsidiary to suffer millions of ringgit in losses.
MACC is also investigating FIC’s purchase of a hotel in Kuching as a follow up on its probe into the London deal. - FMT

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