Former Prime Minister of Malaysia, Ismail Sabri Yaakob, has found himself in hot water as he has been named a suspect in an ongoing corruption investigation. Rumours are swirling around a staggering RM700 million (approximately US$157 million) allegedly misappropriated during his administration’s promotional campaign, ‘Keluarga Malaysia’.
Details of the Investigation
Chief Commissioner of the Malaysian Anti-Corruption Commission (MACC), Azam Baki, confirmed the investigation during a press conference. Ismail Sabri, who served as Prime Minister from August 2021 to November 2022, will be questioned this Wednesday (6 March 2024).
- Approximately RM170 million in cash, along with 16kg of gold bars worth nearly RM7 million, were seized during recent raids.
- The seized cash included various foreign currencies such as the Thai baht, Saudi riyal, and British pound.
- The investigation is focused on alleged power abuse and embezzlement of public funds.
Historical Context
This incident is part of a troubling trend in Malaysia’s political landscape, where every Prime Minister since Najib Razak has faced allegations of corruption at some point. With Ismail Sabri being the latest, the situation raises concerns over integrity in Malaysian politics.
Recent Developments
In addition to the ongoing investigation, several senior officials from Ismail Sabri’s administration have already been detained as part of the MACC’s probe. The investigation progresses under the MACC Act 2009 and other financial regulations aimed at combating money laundering.
As Malaysia grapples with multiple scandals, including concerns surrounding the Employees Provident Fund’s dealings, the situation remains fluid. The government has promised robust actions against any firms found involved in corrupt practices, highlighting the authorities’ commitment to tackling graft.
For now, the spotlight is on Ismail Sabri as the nation watches how this high-profile case unfolds.