HEADLINES

IJM clarifies MACC probe targets individuals, not company

Malaysian Anti-Corruption Commission investigation limited to select executives, says construction and infrastructure group

7:10 PM MYT

 

KUALA LUMPUR – IJM Corp Bhd has confirmed that an ongoing investigation by the Malaysian Anti-Corruption Commission (MACC) does not involve the company as a corporate entity.

In a filing with Bursa Malaysia today, IJM stated that the MACC had clarified the probe is confined to “several individuals associated with IJM, and not the company itself.”

Earlier reports on Feb 6 indicated that a senior IJM executive had been detained to assist the anti-graft agency in inquiries concerning corporate governance practices, procurement procedures, financial transactions, and overseas assets, estimated to total around RM2.5 billion.

The MACC’s Special Operations Division began the investigation on Jan 19, focusing on alleged irregularities and potential violations of applicable laws.

Following the announcement, IJM shares closed five sen higher at RM2.42, with 7.0 million shares changing hands. – March 24, 2026

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