NEWS

RM380b lost through graft over 20 years, Parliament told

Fauwaz Abdul Aziz

Published
Modified 24 Jun 2008, 10:38 am

The Anti-Corruption Agency (ACA) has investigated thousands of cases of alleged corruption involving RM270 million over the past 17 years.

According to Minister in the Prime Minister’s Department Mohd Nazri Abdul Aziz, ACA had probed cases involving a total of RM270.471 million between 1991 and April 2008.

This involved 13,309 cases that had been brought to the attention of ACA, he said in answering a question from Lim Guan Eng (DAP-Bagan).

Lim however pointed out the losses through corruption was significantly higher than the RM270 million investigated by ACA.

He told Parliament that international investments and finances services giant Morgan Stanley had in 2004 estimated that as much as US$100 billion (then RM380 billion) had been squandered through corruption over the past two decades.

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