AMPANG, February 13 — Former economy minister Rafizi Ramli said he is unfazed by the prospect of a raid by the Malaysian Anti-Corruption Commission (MACC) following a report linking him to a RM1.1 billion government agreement with UK-based semiconductor firm Arm Holdings.
Speaking at a press conference, Rafizi described the move as an “intimidation tactic” similar to those used by previous administrations, adding that he was prepared to face arrest or detention and denied allegations of receiving kickbacks, insisting he did not benefit financially from the deal.
Which was approved by the Cabinet. The report was lodged by three NGOs alleging misappropriation tied to Malaysia’s multi-year partnership with Arm to provide intellectual property access for local electrical and electronics firms.
Rafizi, who has recently been critical of the government and MACC chief Azam Baki, said the anti-graft agency is free to investigate and maintained that the truth would prevail, stressing that the agreement’s fund disbursement falls under the Ministry of Investment, Trade and Industry and that he has yet to be contacted by MACC to record a statement.
