Malaysian ministry officials and 10 firms accused of siphoning RM100 million : NST report

A group of senior officials at a ministry allegedly worked with at least 10 companies to siphon off massive allocations meant to improve public welfare and local infrastructure, reported the New Straits Times (NST).

In an exclusive report, NST said that they allegedly did so by declaring on paper that the projects that they were supposed to have undertaken were completed, when in reality, no work had been done.

These individuals – including at least five ministry officials – would have pocketed about RM100 million, the report said.

“These involved tens of projects and initiatives that were supposed to be implemented to help the poor, including those that cost between RM500 million and RM1 billion”, a source told NST.

“This case is not just about stealing from funds that were supposed to go to infrastructure development”, said another source.

For instance, one of the affected programmes was the Poor Students’ Food Programme.

According to NST, the group of individuals barely left a paper trail, leaving the Malaysian Anti-Corruption Commission (MACC) on the case for more than a year.

MACC made a breakthrough when Bank Negara Malaysia’s Suspicious Transaction Report alert system was triggered by the movement of large sums of money from accounts traced to the suspects.

Investigations are still ongoing.

Read the full report here.