KUALA LUMPUR – What began as a corruption probe into the alleged misappropriation of sukuk funds tied to a Klang Valley highway project has unravelled into a stunning showcase of wealth — one now under scrutiny by the Malaysian Anti-Corruption Commission (MACC).
In a series of raids on properties linked to a businessman bearing the honorific title “Tan Sri”, investigators discovered an extraordinary collection of assets — from rare timepieces and luxury cars to premium liquor and even a high-value horse — believed to be linked to illicit use of public bond proceeds.
1. Hidden cellar of spirits worth RM3 million
A temperature-controlled chiller housed within a high-end condominium revealed a collection of rare, top-shelf liquor brands. The estimated value: RM3 million. A private bar, custom-built into the residence, was also discovered, hinting at the luxurious lifestyle financed allegedly through misused sukuk funds.
2. Fleet of luxury vehicles seized
MACC seized nine imported luxury cars, including Bentley, Mercedes-Benz, and Range Rover models, worth nearly RM7 million. These vehicles were found parked at multiple residences tied to the businessman.
3. Jewellery, watches, and high-end fashion goods
Investigators confiscated 217 luxury timepieces worth RM5 million, 27 designer handbags valued over RM1 million, and jewellery estimated at more than RM4 million. All were stored in pristine condition — some still in their original packaging.
4. Prize horse allegedly bought with misappropriated funds
In one of the most unusual findings, MACC discovered a horse worth several hundred thousand ringgit, suspected to have been purchased using funds intended for the highway project. Authorities are now examining financial records to trace the purchase trail.
Ongoing probe
MACC also seized six luxury residences and a parcel of land, with a combined estimated value of RM12 million. The agency believes these assets were acquired using laundered money and are part of a broader effort to recover misused funds.
MACC has confirmed that all seizures were made under the provisions of the MACC Act 2009 and the Anti-Money Laundering and Anti-Terrorism Financing Act (AMLA) 2001. Investigators expect to call between 30 and 50 witnesses in the coming weeks. While the businessman has cited health issues to delay cooperation, his wife has already had her statement recorded. – June 1, 2025