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MACC Probes RM1.11 Billion Semiconductor Deal for Fraud

3/5/2026

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Story summary

Malaysian Anti-Corruption Commission (MACC) is investigating alleged abuse of power and fraud tied to a RM1.11 billion Arm Holdings deal signed last March to boost Malaysia's semiconductor production amid the US-China tech trade war.
MACC chief Azam Baki said 12 witnesses from various government agencies have been summoned, including James Chai, a former aide to ex-Economy Minister Rafizi Ramli.
The investigation has drawn political scrutiny.

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Story summary

Malaysian Anti-Corruption Commission (MACC) is investigating alleged abuse of power and fraud tied to a RM1.11 billion Arm Holdings deal signed last March to boost Malaysia's semiconductor production amid the US-China tech trade war.
MACC chief Azam Baki said 12 witnesses from various government agencies have been summoned, including James Chai, a former aide to ex-Economy Minister Rafizi Ramli.
The investigation has drawn political scrutiny.