MACC Freezes RM70mil in Bank Accounts in Major Tyre Smuggling Crackdown

KUALA LUMPUR, Sept 30 — The Malaysian Anti-Corruption Commission (MACC) has frozen personal and company bank accounts valued at RM70 million following Ops Grip, a large-scale crackdown on a tyre smuggling syndicate.

The operation, carried out on Sept 29, targeted 23 key locations, including warehouses and storage containers in the Klang Valley, Penang, and Johor. Authorities seized 17,672 tyres for authenticity checks with international brand owners Michelin and Goodyear, alongside the Domestic Trade and Cost of Living Ministry.

Tyre Smuggling

The MACC said investigations focus on potential offences under Section 18 of the MACC Act 2009 and Section 4(1) of the Anti-Money Laundering Act. The syndicate is suspected of causing tax revenue losses of RM350 million since 2020.

Ops Grip was led by the MACC’s Special Operations Division, working with the Inland Revenue Board, Bank Negara Malaysia, and Royal Malaysian Customs.

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