The MACC has launched an investigation into the alleged ownership and transfer of a luxury property overseas estimated to be worth US$13 million (approximately RM59 million), believed to be linked to proceeds from the illegal misappropriation of funds from 1MDB.

MACC chief commissioner Abd Halim Aman said the investigation, codenamed Op Agam, commenced on June 15 to determine whether any offences had been committed under the MACC Act 2009 and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001...