KUALA LUMPUR – The Malaysian Anti-Corruption Commission (MACC) seized two private helicopters, more than 10 luxury cars and a yacht belonging to the government projects cartel syndicate leader with Datuk title who was arrested two days ago.
According to source, besides the luxury cars are estimated to worth RM15.7 million, the MACC also confiscated cash amounting to RM3.5 million during a raid at his residence on Monday.
“Besides that, the MACC also seized a bungalow, shop lot and office with an estimated value of RM29 million,” said the source.
According to the source, 644 bank accounts amounting to RM100 million belonging to individuals and companies were also frozen for the projects cartel investigation.
He also said that the syndicate leader has extraordinary wealth.
The modus operandi of the projects cartel group was to open more than 150 companies and each individual whose name was used as the company director would be paid a salary between RM5,000 and RM8,000. All the companies, he said, belonged to the suspect.
“Early investigation found that 114 individuals have been used to open over 150 companies.
“The companies would be used in turns to enter the tender or quotation at the ministries or government agencies.
“Information on the tender or quotation, including projects specifications, ceiling price of project, would be channelled to him by the people in the ministries or agencies,” he said.
Based on the investigation by the MACC, they found that almost all companies used fake information such as academic qualification, professional certification and financial statements to convince the tender board on the ability of those companies to carry out the project.
Earlier, the media reported that seven individuals, including the syndicate leader were arrested over government projects cartel worth RM3.8 billion. –MalaysiaGazette
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