KUALA LUMPUR, Feb 9 — What started as an investigation into unusual loan approvals has now unravelled into a full-blown corruption and money laundering scandal. Dubbed Ops Sky,...
What we know about: Ops Sky , the MACC probe that found local celebs shilling for syndicate getting dodgy loans for blacklisted civil servantsmakes it simple—sign up via the app, invest RM100, and we’ll give youBy Muhammad YusryKUALA LUMPUR, Feb 9 — What started as an investigation into unusual loan approvals has now unravelled into a full-blown corruption and money laundering scandal.
The case was being investigated under Section 16 of the MACC Act 2009, which covers the solicitation and acceptance of bribes that is punishable by up to 20 years in prison and a fine of at least five times the amount of the gratification received or RM10,000, whichever is higher, upon conviction. “The syndicate also coaches borrowers to cooperate, ensuring the loan application process proceeds smoothly,” he said.The firm was also found to have offered finders’ fees to its clients to induce them to introduce other clients.to attract their friends to sign up.
Media reports indicate that RM700 million in bank loans had been approved for borrowers who were later deceived by the syndicate, which took at least 35 per cent of the loan amount under the pretext of offering financial assistance.
MACC Jalaluddin Hassan Ziana Zain Ops Sky
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