What is the total value of assets and transactions uncovered in this sukuk fund abuse case?

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The total value of assets and transactions uncovered in this sukuk fund abuse case amounts to RM156 million.

The Malaysian Anti-Corruption Commission (MACC) has uncovered assets and transactions totalling RM156 million in connection with alleged sukuk fund misappropriation. This figure includes both domestic seizures and overseas assets currently being traced. The investigation centres on a Klang Valley highway project and involves a concessionaire with the title "Tan Sri".
Domestic Assets Seized

The MACC has successfully seized RM141 million in domestic assets. These seizures encompass a variety of items, including RM4.5 million from individual accounts and RM33 million from company accounts. Further seizures include RM24.5 million in luxury condominiums and land, RM26 million in high-end watches, RM7.65 million in nine luxury vehicles, and RM10 million worth of jewellery and diamonds. Additionally, RM6 million worth of designer handbags, RM3 million in gold bars, figurines and coins, and four horses valued at RM400,000 were confiscated.
Overseas Assets Under Investigation

In addition to the domestic seizures, an estimated RM15 million in overseas assets is still being actively traced. The MACC is collaborating with authorities such as Bank Negara Malaysia and the Attorney General’s Chambers to gather comprehensive information regarding these foreign assets and properties.
Illicit Proceeds and Related Transactions

Approximately RM25 million of the proceeds from illicit activities within this case was reportedly used for alcohol and gambling. The total value of assets and transactions uncovered therefore reaches RM156 million, reflecting the broad scope of the alleged financial misconduct. The investigation, which began with initial misconduct between 2016 and 2020, involves sukuk funds amounting to RM1.35 billion, including false claims totalling RM360 million and RM416 million.

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What is the total value of assets and transactions uncovered in this sukuk fund abuse case?

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