{
  "id": 16835742,
  "title": "Police freeze, seize RM409mil in assets in corporate mafia probe",
  "url": "https://urgent.news/2026/10/28/police-freeze-seize-rm409mil-in-assets-in-corporate-mafia-probe",
  "topic": "world",
  "section": "World",
  "published": "2026-10-28T02:46:37.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/news/nation/2026/10/1565201/police-freeze-seize-rm409mil-assets-corporate-mafia-probe"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Malaysian police have frozen and confiscated assets amounting to approximately RM409 million as part of an ongoing probe into alleged corporate mafia activities. Home Minister Datuk Seri Saifuddin Nasution Ismail disclosed that the seized assets included eight properties, 11 vehicles, 417 central depository system accounts, 70 share-trading accounts valued at around RM323.59 million, and 404 bank accounts holding approximately RM85.62 million. By September 25, police had recorded statements from 70 individuals connected to the case, according to Saifuddin, who provided this information in a written response to parliamentary inquiries.\n\nThe investigation, code-named Op Viking, is ongoing as police prepare to finalize the investigation documents. Prime Minister Anwar Ibrahim announced the formation of a special task force, led by the attorney-general, to coordinate investigations involving various enforcement agencies. The corporate mafia allegations surfaced in a February Bloomberg report, which accused the Malaysia Anti-Corruption Commission (MACC) of facilitating a group of businessmen in gaining control over public listed companies. Former MACC chief commissioner Tan Sri Azam Baki and the commission have refuted these allegations. Bloomberg also reported that Azam owned 17.7 million shares in Velocity Capital, valued at approximately RM800,000 based on the company's share price and disclosed in the company's annual return. Azam maintained that his shareholding in Velocity Capital was transparent and in accordance with regulations.",
  "summary": "KUALA LUMPUR: Police have frozen and seized assets worth about RM409 million in an ongoing investigation into alleged corporate mafia activities.",
  "key_points": [
    "Malaysian police freeze RM409M in assets during corporate mafia probe",
    "Seized assets include properties, vehicles, bank accounts",
    "Special task force formed to coordinate investigations"
  ],
  "editors_take": "The large-scale seizure of assets and the formation of a special task force signal an intensified institutional effort to dismantle alleged networks controlling public listed companies.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}