Was the RM1.1 billion deal vetted by Cabinet?

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The RM1.1 Billion Deal Was Vetted by the Cabinet Multiple Times

The RM1.1 billion government deal with British semiconductor firm ARM Limited underwent rigorous scrutiny, having been vetted by the Cabinet on three separate occasions. The final agreement received approval from the Cabinet three times, indicating a thorough review process before its finalisation.
Cabinet Approval Process

The collaboration, which involves Malaysia paying ARM Limited over a 10-year period for chip design blueprints and the establishment of the company's first Southeast Asian office, was subject to multiple rounds of Cabinet review. This process underscores the government's commitment to due diligence for significant international agreements.
Timeline of Involvement

According to James Chai, a former special functions officer involved in the deal's facilitation, the collaboration originated from a meeting in 2024 between Prime Minister Datuk Seri Anwar Ibrahim and ARM executives. Chai's role was primarily focused on preparing proposals, engaging with stakeholders, and facilitating discussions, without direct influence over prime ministerial or Cabinet decisions.
Allegations and Denials

The investigation into the deal follows allegations of misappropriation and fraud. Chai has publicly denied these claims, characterising the investigation as politically motivated and asserting that the narrative of his involvement in misappropriating RM1.1 billion lacks substantial evidence. He has also detailed his limited role and financial background to counter accusations of impropriety.

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Was the RM1.1 billion deal vetted by Cabinet?

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