Tuesday, May 12, 2015

Anti-graft body freezes 375 accounts over illegal logging in Sarawak

Published: 12 May 2015 9:12 PM
MACC today freezes over 300 accounts related to illegal logging and tax evasion in Sarawak. – Photo courtesy of Flickr.

MACC today freezes over 300 accounts related to illegal logging and tax evasion in Sarawak. – Photo courtesy of Flickr.
The Malaysian Anti-Corruption Commission (MACC) today froze 375 accounts of companies and individuals worth more than RM560 million and seized 500 logs following a raid on 27 sawmills and log ponds as well as 21 business premises in Sarawak.
MACC investigation division director Datuk Mohamad Jamidan Abdullah said the action was taken against the operators of timber and sawmill companies, suspected of being involved in corruption, illegal logging and deforestation and tax evasion.
He added that the raid was conducted simultaneously in 48 locations – Miri (13), Kuching (12), Sibu (12), Bintulu (6), Bakun (3) and Kapit (2), based on investigations from intelligence obtained by MACC and relevant agencies.
"Further investigation will be conducted in accordance with Section 17(a) and 17(b) of the Malaysian Anti-Corruption Commission Act 2009 and section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.”
He added that the integrated operation involved at least 400 MACC officers and personnel, Sarawak state government, state Forest Department, state Inland Revenue Board and police.
He said the operation reflected the commitment of the government in the fight against corruption in the logging industry and curb rampant illegal logging activities in Sarawak besides protecting the state's natural heritage.
The illegal activities were also believed to have incurred billions of ringgit in losses for the government. – Bernama, May 12, 2015.
- See more at: http://www.themalaysianinsider.com/malaysia/article/anti-graft-body-freezes-375-accounts-over-illegal-logging-in-sarawak#sthash.0BZwmNrf.dpuf

No comments: