MACC to wait for police to complete probe against Roger Ng first, says Azam Baki


KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) will wait for the police to complete their investigation into former Goldman Sachs banker Roger Ng Chong Hwa regarding 1Malaysia Development Berhad (1MDB) scandal before commencing its own investigation, if necessary.

MACC Chief Commissioner Tan Sri Azam Baki said, right now, there was no need for the MACC to call Ng in for questioning.

ALSO READ: Give cops room to conduct thorough probe on Roger Ng, says IGP

"Police investigation should be given priority as they may have more important information in this case.

"Therefore, we will let the police to complete their investigation first and look at their findings later.

"Maybe their investigations will also cover what we need,” he told a press conference after attending a public-private partnership programme here today.

ALSO READ: IGP: No time limit for Ng’s detention

On April 8 last year, Ng was found guilty by a court in the United States for conspiring to embezzle hundreds of millions of dollars from 1MDB and was subsequently sentenced to 10 years in prison in New York.

On Oct 5, the US District Court ordered Ng to be returned to Malaysia to face related charges.

Meanwhile, in his speech at the programme which addressed the common challenge of integrity in tackling financial crime, Azam said some individuals are using financial institutions as safe havens to hide illicit funds, conduct business, and launder proceeds from illegal activities.

ALSO READ: Ng in M’sia to help in 1MDB probe

"Cyber criminals are becoming increasingly creative in seeking vulnerabilities to bypass customer due diligence processes and exploit various financial instruments to carry out unlawful activities," he said.

In fact, he said the rapid advancement of information technology has made the modus operandi of corrupt individuals evolve and become more complex.

Corruption and fraud could now be concealed through various layers of records and documentation, and the laundering of illicit proceeds was conducted through new mediums such as digital assets, the black market, cross-border financial institutions, and offshore financial services.

Hence, he said financial institutions had an important role as the frontliners in the fight against corruption and fraud because financial fraud, corrupt activities, and money laundering often involve these institutions. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Azam , MACC , police , 1MDB , Roger Ng , Financial Institutions ,

   

Next In Nation

Tenggara Bersatu division chief, committee members exit party
Tragic end for woman during Deepavali picnic at Sungai Sedim
Ukraine sees Malaysia as Asean gateway for UAV partnerships
Eight missing after fishing trip found safe in Sarawak, says cop
Customs Department denies that DG Anis Rizana misused allocation for vacation
Malaysian Media Council needs to be established immediately
Eighteen-year-old dies after electrocution on express bus in Butterworth
Lowest starting salary on SPA website to be updated in December
Stricter laws to tackle cyberbullying be tabled at the coming Parliament sitting
Child advocacy programme to fight sexual abuse will continue, says Nancy

Others Also Read