Overview
- Malaysia’s anti-graft agency says it is investigating alleged abuse of power, fraud and governance issues linked to a RM1.11 billion agreement with Arm Holdings.
- MACC chief Azam Baki says about 12 witnesses from the economy ministry, MIDA and the trade ministry have been summoned, and the agency is seeking former ministerial aide James Chai.
- Former economy minister Rafizi Ramli and Chai deny wrongdoing and describe the case as politically driven, as the agency pledges a fair, professional inquiry.
- Media reports attribute a MYR 5 million cash seizure and the arrest of a former army chief to the probe, though these claims have not been confirmed by official statements.
- The Economy Ministry says the cabinet-approved pact will continue during the inquiry, with Malaysia paying about US$250 million over ten years for Arm IP and support as part of a push into higher-value chip design.