The Malaysian Anti-Corruption Commission (MACC) is investigating three individuals believed to be the masterminds behind a milk powder supply cartel involving a government department.
Berita Harian reported that the products, worth an estimated RM120 million, allegedly failed to meet standard specifications.
The Malay-language daily quoted a source from the MACC as saying that the operation was conducted in collaboration with the Inland Revenue Board (LHDN) and Bank Negara Malaysia.
The source also said that officers from all three agencies yesterday raided three residences and a company premises in Kuala Lumpur, believed to be used for storing various documents.
The raid focused on seizing documents related to milk powder supply contracts dating back to 2019.
About 80 bank accounts with a total of around RM70 million were also frozen.
The investigation is being carried out under Section 16 of the MACC Act 2009 and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
LHDN is also probing the matter under the Income Tax Act 1967.
