KOTA KINABALU (THE STAR/ASIA NEWS NETWORK) - The Malaysian Anti-Corruption Commission (MACC) has made its biggest-ever cash seizure following the arrest of two senior Sabah Water Department officials.
MACC deputy chief commissioner of operations Datuk Azam Baki said RM52 million (S$17.2 million) in cash was seized from various places, including from the officials' office and houses.
He said the bank accounts of the officers, amounting to RM60million, had been frozen. Nine luxury vehicles, 94 high-end handbags, jewellery and luxury watches were also seized.
The two officers, a 54-year-old director and his 51-year-old deputy, were nabbed at their offices on Tuesday (Oct 4).
Two others, the deputy director's 55-year-old businessman brother, who is a Datuk, and his accountant, 50, were also arrested.
Datuk Azam said it is believed that more money was kept in banks in a neighbouring country. He refused to give details.
Earlier on Wednesday (Oct 5), the four arrested individuals were remanded for a week to facilitate investigations into kickbacks involving RM3.3 billion worth of federal projects.