KUALA LUMPUR (Oct 27): Police have frozen and seized accounts involving RM409.21 million in an investigation into alleged corporate mafia activities as at Sept 25, Home Minister Datuk Seri Saifuddin Nasution Ismail said.

The accounts comprise 70 share-trading accounts worth approximately RM323.59 million and 404 bank accounts containing about RM85.62 million, he said in a written parliamentary reply.

Police had also taken action involving eight properties, 11 vehicles and 417 central depository system (CDS) accounts under Op Viking, an investigation conducted by the police's Anti-Money Laundering Crime Squad.

A total of 70 individuals had been called in to have their statements recorded as part of the investigation, Saifuddin said in a reply to Ahmad Marzuk Shaary (PN-Pengkalan Chepa) on Tuesday.

Ahmad Marzuk had sought an update on the scope and status of the police investigation into alleged corporate mafia activities, including the number of Malaysian Anti-Corruption Commission (MACC) officers or other enforcement personnel questioned or investigated.

The “corporate mafia” allegations were first raised in a Bloomberg report in February, which alleged that the anti-graft agency had aided a group of businessmen in taking control of publicly listed companies. Both former MACC chief commissioner Tan Sri Azam Baki and the commission have denied the claims.

Saifuddin said police opened an investigation paper under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 on Oct 14, 2025.

He said no MACC officers had been identified as being involved in the investigation, based on the backgrounds and identities of witnesses questioned by police.

Saifuddin said the investigation was ongoing and police were committed to completing it in accordance with the law.

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