LAMF
LAMF

Malaysia's ex-PM Ismail declares wealth to anti-graft agency amid seizure of assets

KUALA LUMPUR Malaysia's former Prime Minister Ismail Sabri Yaakob has declared his wealth to authorities as part of an ongoing corruption and ..
March 02, 2025 / 18:13 IST
Ismail Sabri Yaakob

Malaysia's former Prime Minister Ismail Sabri Yaakob has declared his wealth to authorities as part of an ongoing corruption and money laundering probe, the anti-graft agency said on Sunday, following the seizure of nearly $40 million in assets allegedly linked to him.

The Malaysian Anti-Corruption Commission said its investigation is focused on government publicity expenditure and procurement during the premiership of Ismail Sabri, who served as premier from August 2021 to November 2022.

A representative for Ismail Sabri did not immediately respond to a request for comment.

Anti-graft investigators questioned Ismail Sabri in January last year as part of a probe into possible misconduct involving some 700 million ringgit ($157 million) spent on government publicity during his administration.

In a statement on Sunday, the anti-graft agency said Ismail Sabri formally submitted a wealth declaration to authorities on February 10 after being ordered to do so.

The agency said it had recorded a statement from the former premier on February 19, adding that he could be called back for further questioning.

Authorities have also detained four senior officials who served under Ismail Sabri and conducted raids at four premises, the agency said.

Cash amounting to 170 million ringgit in various currencies and 16 kg of gold bars were seized following the raids, the agency added, without providing further details.

($1 = 4.4600 ringgit)

Reuters
first published: Mar 2, 2025 06:13 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347