The Royal Malaysian Police (PDRM) sees no reason why it should initiate an investigation into MARA Inc’s questionable purchase of a marked-up property in Melbourne, Australia.
Inspector-General of Police Khalid Abu Bakar told The Malay Mail Online‘s Syed Jaymal Zahiid that the PDRM has not found any evidence of criminal breach of trust (CBT) having taken place around the purchase.
The case, Khalid said, would be investigated solely by the Malaysian Anti-Corruption Commission (MACC).
MACC deputy chief commissioner (operations) Mohd Shukri Abdull said his commission began its investigation into MARA Inc’s purchase in March.
Last Tuesday, Australian daily The Age published a report on the purchase of the Dudley International House, an apartment building near Monash University, by three men representing MARA Inc – a “top MARA official”, a senior Malaysian government servant, and a “former politician”.
The sale was sealed at AUD22.5 million (RM63.5 million), a full AUD4.75 million (RM13.8 million) more than the building was actually worth.
The report then says the difference between sale price and value was then channelled back to the three Malaysians in the form of kickbacks – essentially, they stole MARA’s, and by extension the Malaysian people’s, money in the course of the real estate deal.
The Age also aleged that the three men have engaged in more than AUD80 million worth of property scams throughout Melbourne.
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