Two businessmen with the 'Tan Sri' title and a businessman with a 'Datuk Seri' title are under investigation for tax evasion and corruption.

According to The Star, the two 'Tan Sri' are from Penang and Kedah respectively while the 'Datuk Seri' hails from Johor.

Their accounts and assets have been frozen in the joint operation by police, the Customs Department and the National Revenue Enforcement Team and the Malaysian Anti-Corruption Commission.

The 'Datuk Seri' reportedly owns more than a dozen entertainment outlets and was probed for links to gambling syndicates and triad activities.

He allegedly paid RM1 million a month in bribes to enforcement officers from various agencies.

One of the three allegedly used a proxy to buy Malay reserve land for cheap before selling it to government at a higher price.

Recently, two 'Datuk Seri' were charged with involvement in the underworld.

Ng Chian Sia was among 21 charged with allegedly being a member of Penang's Gang 24 last month while former MIC Youth division leader M Kalai Arasu was among 29 charged in Kajang with alleged involvement in organised crime.