Mandiri directors detained as police open probe over suspected unlawful funds

Police have launched an investigation into Mandiri Development Centre Sdn Bhd, probing suspected unlawful funds received between 2024 and 2026, according to a press statement on September 23. The Anti-Money Laundering Criminal Investigation Team at Bukit Aman launched the probe on September 10 following a police report, the statement noted.

Inspector-General of Police Tan Sri Mohd Khalid Ismail stated that the investigation will examine the storage, transfer, use, and movement of suspected illicitly obtained money. Two Mandiri directors were arrested on September 22 at the Anti-Money Laundering Investigation Office in Jalan Tun Razak to aid the probe. The case is being investigated under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

Ismail urged the public to refrain from speculating or spreading unverified information about the ongoing investigation, emphasizing that inaccurate statements could mislead the public and hinder the process. He affirmed that police would conduct the investigation professionally, transparently, and according to the law.