‘Corporate Mafia’ probe freezes over RM400m in assets, no MACC officers implicated, Home Ministry tells Parliament

Federal police have concluded their investigation into allegations of a "corporate mafia" syndicate in Malaysia, finding no evidence linking Malaysian Anti-Corruption Commission (MACC) officers to the alleged wrongdoing, according to the Home Ministry's parliamentary reply. The inquiry, Operation Viking, was initiated following a Bloomberg report in February 2026 detailing the alleged abuse of regulatory powers by officials to manipulate corporate takeovers.

The ministry confirmed that questioning 70 individuals in the investigation did not provide any evidence supporting the claims. No assets exceeding RM400 million have been frozen or seized, despite the operation detaining multiple individuals and seizing assets including RM323.59 million in shares and RM85.62 million in bank accounts.

The ministry emphasized that the investigation is ongoing and committed to completing the proceedings in accordance with the laws in force, but did not disclose whether any individuals questioned have been formally charged or if other regulatory bodies remain under scrutiny.