KUALA LUMPUR — The Malaysian Anti-Corruption Commission (MACC) has opened an investigation paper into an agreement between the Government and a foreign company estimated to be worth RM1.1 billion, following complaints from several non-governmental organisations.
The complaints alleged that the agreement was executed in haste and was one-sided, potentially exposing the government to adverse consequences.
Sources familiar with the matter said that based on the complaints and documents submitted by several parties, the MACC obtained related documents from the Ministry of Economy on February 13, 2026.
The case is understood to involve alleged leakage of government funds amounting to RM1.1 billion. Preliminary information indicates that the proposal did not receive approval from the Finance Ministry (MOF) and the International Trade and Industry Ministry (MITI), but the agreement was nevertheless finalised in what has been described as a rushed manner.
The matter is expected to be clarified through statements from key witnesses involved in the decision-making and implementation of the agreement.
At the same time, several individuals were reportedly appointed to senior positions within the company after leaving the ministry concerned, raising questions of potential conflict of interest.
Further action will include calling several witnesses, including the Secretary-General of the ministry, to provide explanations regarding the execution of the agreement.
When contacted, MACC Deputy Chief Commissioner (Operations) Datuk Seri Ahmad Khusairi Yahaya confirmed the investigation but declined to comment further. – February 16, 2026