Kuala lumpur: Two investigation papers involving the voluntary acquisition of IJM Corporation by Sunway Berhad remain open and active following the discovery of elements related to alleged irregularities in the matter.

According to BERNAMA News Agency, Malaysian Anti-Corruption Commission (MACC) chief commissioner Abd Halim Aman stated that the investigations have uncovered elements that could be pursued under the MACC Act 2009 and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA), involving two individuals. The MACC has so far recorded statements from 13 individuals in connection to the investigation.

Abd Halim Aman explained that the investigation papers are still active because the MACC found elements that warrant further investigation under the relevant laws. He made these remarks during a working visit to the Selangor MACC office.

In another development, Abd Halim confirmed that the MACC's investigation into IJM Corporation chairman Krishnan Tan has been classified as 'No Further Action.' This decision follows after investigations found no elements of criminal conduct, misconduct, or breaches of corporate governance. The proposed acquisition was conducted in line with the legal and regulatory framework established by the Securities Commission, although the proposal was ultimately cancelled by Sunway Berhad.

Furthermore, Abd Halim addressed allegations regarding RM2.5 billion in money laundering. He stated that these claims were baseless after the MACC carried out joint investigations with Bank Negara Malaysia, the Inland Revenue Board, and the United Kingdom's Serious Fraud Office. The investigation revealed that the matter involved minor assets which were legitimate financial investments managed professionally through lawful channels. Additionally, the UK's Serious Fraud Office confirmed that it had never conducted any investigation related to the alleged flow of funds.

Last March, the MACC announced the opening of investigation papers concerning several issues involving the company, including financial transactions and overseas investments worth approximately RM2.5 billion.