MACC restricts limited IJM bank accounts in Op Heart probe into governance

PETALING JAYA — Construction giant IJM Corporation Berhad confirmed yesterday that a small number of its bank accounts—fewer than 10—have been temporarily frozen by the Malaysian Anti-Corruption Commission (MACC) as part of an ongoing high-profile investigation dubbed Op Heart.

The restrictions, aimed at aiding MACC’s enquiries, do not disrupt IJM’s day-to-day business activities, the company stressed in an evening statement. IJM pledged full cooperation with authorities and reaffirmed its dedication to robust corporate governance, transparency, and ethical conduct.

IJM bank accounts

The probe, which intensified with searches at four locations on Monday, centres on alleged irregularities in corporate governance, procurement practices, financial dealings, and ownership of overseas assets valued at approximately RM2.5 billion. Authorities have also frozen 55 private and company accounts holding about RM15.8 million, while tracing additional suspected money-laundering proceeds.

MACC has recorded statements from nine individuals so far, including two senior IJM executives, with five more witnesses scheduled. Chief Commissioner Tan Sri Azam Baki said the investigation proceeds under the MACC Act 2009 and AMLATFPUAA 2001. Earlier reports identified a top executive (a Tan Sri) and an advisor as persons of interest.

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