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Story perspectives

IJM Shares Plunge Amid RM2.5B Money Laundering Probe

1/21/2026

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Story summary
  • IJM Corp Berhad confirmed that the Malaysian Anti-Corruption Commission (MACC) and the Inland Revenue Board visited its office to gather information on an alleged RM2.5 billion money laundering scheme.
  • IJM shares fell 16.4% intraday, triggering a temporary trading suspension.
  • Sunway's RM11.5 billion takeover raises concerns about share-price manipulation and Bumiputera equity impact, while IJM's chairman and adviser remain abroad as persons of interest.