How did MACC clear Tan Sri Halim Saad of wrongdoing?

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MACC Cleared Tan Sri Halim Saad of Wrongdoing in RM2.3 Billion Share Purchase Investigation

Tan Sri Halim Saad has been officially cleared of any wrongdoing by the Malaysian Anti-Corruption Commission (MACC) concerning an investigation into alleged embezzlement amounting to RM2.3 billion. This clearance pertains to a share purchase by a conglomerate that occurred 26 years ago. Halim Saad received a formal letter from the MACC on December 4 of the previous year, stating that no evidence of misconduct was found on his part in relation to the inquiry.
Official Clearance Letter Received

On December 4, Tan Sri Halim Saad received an official clearance letter from the MACC. This letter explicitly confirmed that the investigation found no evidence of any wrongdoing on his part. The clearance relates to an inquiry initiated into alleged embezzlement linked to a conglomerate's share purchase from 26 years ago.
MACC Investigation Context

The MACC investigation, which commenced in May 2023, focused on political figures from the 1990s. A significant aspect of this inquiry involved speculation connecting Halim Saad to the 1997 acquisition of Renong shares by United Engineers (M) Bhd, a transaction valued at RM2.3 billion. Halim had previously refuted media claims of being questioned by MACC amidst rumours of an investigation into a former senior minister and a businessman with a "Tan Sri" title.
Continued Cooperation as Witness

Despite being cleared of wrongdoing, Tan Sri Halim Saad remains involved in the ongoing MACC investigation. He is participating as a witness and has expressed his commitment to fully cooperating with the authorities as they continue their work. This indicates that while his personal involvement in any alleged embezzlement has been dismissed, he continues to assist the commission in its broader inquiry.

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How did MACC clear Tan Sri Halim Saad of wrongdoing?

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