Corruption prevails in Malaysia - a staggering RM277 billion in economic losses due to corruption (2018-2023) - how much during PM Anwar's premiership. Problem with Anwar Ibrahim, is that he seems to 'protecting' some big personalities from being convicted.
MALAYSIA suffered a staggering RM277 billion in economic losses due to corruption between 2018 and 2023, according to the Malaysian Anti-Corruption Commission (MACC). Chief Commissioner Tan Sri Azam Baki said the estimate, based on cumulative GDP projections, reveals an average annual loss of RM55 billion—a figure he described as deeply alarming...Citing a 2023 study by EMIR Research, Azam noted that corruption-related financial losses could be as high as RM4.5 trillion over a 26-year period from 1997 to 2022, based on data from various public reports.BUT the real question is have the perpetrators been charged, tried, convicted and sentence by court? The other question, is from these loses, how much has been recovered?
Anwar & Corruption & punishing criminals?
Anwar comes in and speedily former PM Najib Razak, who is responsible for the 1MDB mess, gets pardoned, and sentence reduced?
1MDB caused Malaysia to lose about RM50 billion or more, one of the top 10 corruption scandal in the world.
Now, even if Najib did not benefit personally, it is BEST that he being the Prime Minister and FINANCE Minister takes responsibility and apologizes to the people and QUIT. A Minister must take RESPONSIBILITY of wrongs and losses of matters that are under his Ministries jurisdiction.
But, in the 1MDB case, the money also flowed to his family at least Riza...(and Anwar as Finance Minister to date still have not explained why 1MDB dropped the suit against Riza(and others0 to recover monies..Najib's 1MDB trial is still ongoing.Riza Aziz - Still no EXPALANATION from PM Anwar as to why 1MDB dropped the suit? How much 'stolen' has Riza returned to Malaysia? Or is it a 'Raya Gift" to Najib's step son - RM1.25 Billion??
The government has paid 1Malaysia Development Bhd’s (1MDB) totalling RM43.8 billion with a debt balance that has not been paid amounting to RM9.7 billion, involving a principal of RM5 billion and RM4.7 billion interest, said Deputy Finance Minister Datuk Seri Ahmad Maslan. “To date, the government has paid 1MDB’s debt totalling RM43.8 billion.
Here, he is not talking about recovering monies - but talking about settling 1MDB 'bad debts' that resulted by reason of 'hanky panky' - so, does this mean, that the loss suffered by Malaysia may be not RM50billion - but actually RM100 billion > since Malaysia is taking out our monies and paying off debts?
Maybe, Finance Minister Anwar Ibrahim can tell us accurately How Much We Loss by reason of the 1MDB Scandal - explain in simple terms so everyone can understand.
Malaysia has also been recovering some of money loss as it is being recovered by other countries, including the US. How much money have been recovered by reason of other countries? How much money have Malaysia by itself recovered?
But, the problem is that we do not see enough perpetrators charged, tried and convicted - especially public officers, Ministers and those in administration, the politicians who sit as Directors in GLCs..Why is that? The use of disciplinary actions is a major problem - for criminals do not get publicly charged, tried, convicted and sentenced. It is not open and TRANSPARENT - we do not even know the charges(or the facts of the case), what wrong or 'crime' did they do?
Only information, when asked in Parliament, things like 'some 311 public servants have faced disciplinary action including warnings, fines, salary suspensions and dismissals. ...'
Facing disciplinary action does not mean, they were found guilty and penalized. What people need to know is the WRONGS and/or 'CRIMES' they committed, the findings, etc - if not, it will not EDUCATE anyone of what is a crime or wrongdoing, and serve as an effective DETERRENT. Should we even retain public officers who were perpetrators of crimes simply with a warning, fine, salary cuts or suspension? Or even a dismissal? This means, 'dirty' public officers still remain - and the Malaysian people, who are victims, continue to fork out monies for their salaries and pensions.
A total of 286 issues raised in the Auditor-General's Report (LKAN) are currently under investigation, said Deputy Minister in the Prime Minister's Department (Law and Institutional Reform) M. Kulasegaran.He said that 138 issues are being probed by the Malaysian Anti-Corruption Commission, 116 by an internal investigation committee under the Public Service Department and 32 by the police."As of Jan 14, some 311 public servants have faced disciplinary action including warnings, fines, salary suspensions and dismissals. The courts also sentenced two officers," he said during the question-and-answer session in the Dewan Rakyat today.
If any Ministers or PUBLIC Officers, breached public trust, and cause OUR monies to be taken/stolen/disappeared - GET RID OF THEM, after according them a fair trial. 'Secret" disciplinary processes, which ends with warnings, fines, salary cuts ...simply would not do.
The concern is also 'SELECTIVE' investigation and action.
It was really ODD when MACC implied that they will start investigating after the 'internal inquiry' is done. Police or any law enforcement MUST immediately investigate when it becomes aware of an alleged crime - not wait for some 'internal inquiry' or disciplinary board makes its finding...
The Malaysian Anti-Corruption Commission (MACC) will immediately step in and investigate ifKuala Lumpur City Hall (DBKL) identifies any misconduct in its on-going probe into the awarding of a RM4 million project.MACC Chief Commissioner Tan Sri Azam Baki said action would be taken if any wrongdoing was discovered during DBKL's internal investigation.
The corruption and leakages of the peoples' monies continue - money that could have been used to help the poor, build schools, improve healthcare - RM277 billion in economic losses due to corruption (2018-2023) is not a small amount...
We want to know the CRIME, the perpetrator and also if found guilty, what was the sentence/punishment... Charge them in court - let the court decide on guilt - and an appropriate sentence....
PM Anwar seems to be 'too soft' on public officers - What happened to that teacher that made students be punished by standing under hot sun, which resulted one normal child becoming a person with disability?
WHY
teacher perpetrator who 'tortured' kids by standing under the hot sun
NOT been charged yet? Another case of 'preferential treatment" of law
breakers?
Malaysia loses RM277 billion to corruption in five years
MACC chief says evolving and sophisticated graft tactics threaten transparency and national progress
Updated 23 hours ago · Published on 19 May 2025 2:57PM
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MALAYSIA suffered a staggering RM277 billion in economic losses due to corruption between 2018 and 2023, according to the Malaysian Anti-Corruption Commission (MACC).
Chief Commissioner Tan Sri Azam Baki said the estimate, based on cumulative GDP projections, reveals an average annual loss of RM55 billion—a figure he described as deeply alarming.
“In today’s complex, unpredictable and ever-changing environment, corruption has also evolved to become more insidious,” said Azam at the launch of the Accounting Fraud Working Group (KFFP) in Kuala Lumpur today.
“Recent investigative trends show that corruption is no longer carried out in plain sight but disguised behind fraudulent practices such as falsified business documents, the use of proxy companies, and by masking bribes as legitimate corporate expenses—such as consultancy fees, entertainment costs, or project development expenditures.”
He added, “These financial trails are often layered through multiple transactions to obscure detection. The typology of corruption is now far more complex and sophisticated.
“What is even more concerning is that nearly all these fraudulent tactics pass through accounting and auditing systems.”
Azam warned that when existing systems lack transparency or are managed by individuals of questionable integrity, they not only fail to serve as safeguards but may also facilitate and conceal corruption.
He acknowledged the growing challenge for the MACC to uncover intricately structured financial crimes, especially when fraudulent acts are embedded within formal systems.
Citing a 2023 study by EMIR Research, Azam noted that corruption-related financial losses could be as high as RM4.5 trillion over a 26-year period from 1997 to 2022, based on data from various public reports.
“These figures are not just statistics; they are stark indicators of how corruption, alongside document forgery, financial statement manipulation and embezzlement, undermines governance, public service delivery and institutional integrity,” he said.
“The end result is widespread leakages, declining investor and public confidence, and a serious setback to national development.” - May 19, 2025, Vibes
RM43.8 bln 1MDB debt paid to date, with balance of RM9.7 bln – Ahmad Maslan
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KUALA LUMPUR, March 13 (Bernama)– The government has paid 1Malaysia Development Bhd’s (1MDB) totalling RM43.8 billion with a debt balance that has not been paid amounting to RM9.7 billion, involving a principal of RM5 billion and RM4.7 billion interest, said Deputy Finance Minister Datuk Seri Ahmad Maslan.
“To date, the government has paid 1MDB’s debt totalling RM43.8 billion.
“The payment was made through shareholders advances which amounted to RM24.5 billion and trust account (RM19.3 billion),” he said when winding up the debate on the Supply Bill 2023 at the committee level for the Finance Ministry in the Dewan Rakyat, today.
He said the government had also recovered RM33.6 billion of 1MDB assets and RM8 billion from the settlement with Abu Dhabi’s investment firm, International Petroleum Investment Company (IPIC).
According to Ahmad, 1MDB’s principal loan totalled RM33.6 bilion while the interest amounted to RM14.9 billion.
Meanwhile, on the Jana Wibawa project, he said it involves 67 projects under various ministries, among them, the Prime Minister’s Department, Ministry of Communications and Multimedia (now known as Ministry of Communications and Digital), and Education Ministry estimated to be valued at RM7.13 billion.
The Dewan Rakyat later passed the Supply Bill 2023 allocation at the committee level for the Finance Ministry of RM57.3 billion through voice vote after receiving a majority voice vote.
The Supply Bill 2023, which is the first budget under Datuk Seri Anwar Ibrahim’s leadership, was later passed at the policy level on March 9 following a six-day debate from Feb 27, 2023 and winding up by each ministry.
Budget 2023, tabled by Anwar on Feb 24, allocated a total of RM388.1 billion comprising RM289.1 billion for operating expenditure and RM99 billion for development expenditure including RM2 billion contingency savings. - Ministry of Finance Website