Business · Malaysia Bureau
Former Yayasan Bank Rakyat chief rejects asset declaration notice
Nazir Razak declined to accept an asset declaration notice during questioning at the Malaysian Anti-Corruption Commission headquarters. He appeared at the agency alongside his wife and personal assistant.
LSN Malaysia ·
The former chairman of Yayasan Bank Rakyat was summoned to the MACC office today where he refused to accept an asset declaration notice, according to sources familiar with the matter. Nazir Razak attended the session accompanied by his wife and assistant as part of an ongoing investigation.
The asset declaration notice is typically issued as part of corruption investigations to compel individuals to disclose their financial holdings and property ownership. Razak's refusal to accept the notice represents a significant development in the case and may trigger further legal proceedings.
The MACC has been intensifying its scrutiny of Yayasan Bank Rakyat's operations and related transactions. The foundation, which is linked to Bank Rakyat, has been the subject of multiple investigations in recent years.
A spokesman for the MACC declined to provide detailed comments on the matter, citing ongoing investigative protocols. The agency stated that it would pursue all appropriate measures to ensure compliance with asset declaration requirements as part of its anti-corruption mandate.