Police found no element of criminal breach of trust (CBT) in Mara's controversial purchase of an apartment for its scholars in Australia.

As such, Inspector-General of Police (IGP) Khalid Abu Bakar said today any further investigation would only be carried out by the Malaysian Anti-Corruption Commission (MACC).

"We see no element of CBT in this case, so the MACC will conduct the entire investigation," Khalid told a press conference at Bukit Aman today.

Mara is under scrutiny after Australian media revealed that its subsidiary, Mara Inc overpaid RM13.7 million for an apartment complex in Melbourne, with the overpaid amount allegedly going back to Malaysia as kickbacks.

Last week Australian police raided a house in Melbourne as part of its investigation into the scandal.

Asked to confirm that the Commercial Crime Investigation Division (CCID) would not be involved, Khalid replied, “Not at the moment.”

“For now it is not involved. As I have said, there is no element of CBT in this case,” he added.

Australians tells different story

Mara has thus far claimed it had paid less than what the property, known as Dudley House, was valued at.

However it has demanded an explanation from Mara Inc, which is due on Wednesday.

The Mara Council will then convene next week to discuss the report given by Mara Inc.

Meanwhile in a report in The Malaysian Insider today, Australian daily The Age is reported revealing that “evidence they obtained in exposing the transaction proved ‘beyond reasonable doubt’ that price inflation and bribery took place involving Malaysian officials”.

"The assertion that the property price wasn't inflated is false.

“The vendors admitted in a sworn testimony in court that the price was inflated from AS$17.8 million to AS$22.5 million," the news site quoted journalist Nick McKenzie saying.

The report added the daily has in their possession "false invoices" they allege prove that bribes were paid.