PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) has opened a total of 379 investigation papers and arrested 425 individuals as of April this year.
MACC Chief Commissioner Tan Sri Azam Baki said in the first quarter of this year alone, the Commission had seized RM12.58 million worth of assets and a total of RM59 million in forfeitures.
"Last year, MACC opened 829 investigation papers which resulted in 851 arrests with the total assets seized stood at RM162 million, and forfeited amount of RM5.13 billion," he said in his keynote address at the 3rd Malaysian Anti-Corruption Forum here today.
Also present was the chairman and founder of the International Strategy Institute (ISI) Cheah Chyuan Yong. The forum was organised by ISI with the aim of finding efficient means to move forward against corruption.
In his speech, Azam also urged private companies and corporations, either local or foreign, to take advantage of the tax deduction for organising Corporate Social Responsibility (CSR) programmes related to corruption prevention and education.
He said by organising such programmes, the companies are eligible to apply for tax deduction from the gross business income an amount equivalent to the amount of expenses incurred to such programmes, that to be done in collaboration with MACC.
"The tax relief incentive under Section 34(6)(h) of the Income Tax Act 1967 is to encourage more private companies to collaborate with MACC to conduct anti-corruption programmes which will benefit the public including at schools and higher learning institutions," he said.
On the 1MDB asset recovery efforts, Azam said another RM5.11 billion worth of assets had been recovered by the way of settlement and MACC will continue to further recover more stolen assets from the perpetrators.
-- BERNAMA
Bernama
Tue May 24 2022
MACC Chief Commissioner Tan Sri Azam Baki said in the first quarter of this year alone, the Commission had seized RM12.58 million worth of assets and a total of RM59 million in forfeitures. - BERNAMA
Who is Prabowo Subianto, incoming president of Indonesia?
A wealthy ex-general with ties to Indonesia's popular outgoing president and its dictatorial past, looks set to be its next leader.
Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'
The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.
Putin says Russia willing to seek compromises between Iran and Israel
Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.
What proposals will Russia push at the BRICS summit?
The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.
Indonesia's free meals plan in the spotlight as Prabowo readies for office
Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.