$IJM (3336.MY)$ 📌 The Malaysian Anti-Corruption Commission ...

📌 The Malaysian Anti-Corruption Commission (MACC) is investigating IJM Corporation over an alleged RM2.5 billion money laundering case

- The Malaysian Anti-Corruption Commission (MACC) is investigating IJM Corporation for alleged involvement in money laundering activities amounting to approximately RM2.5 billion and potential stock price manipulation.

- It is understood that IJM Chairman Tan Sri Krishnan Tan Boon Seng and company advisor Seow Wah Chong are listed as persons of interest in the investigation, but both are currently out of the country.

- This investigation is related to the UK Serious Fraud Office's (SFO) probe into suspicions of money laundering and corruption involving the two individuals and multi-billion-ringgit investment transactions.