PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has raided companies believed to be involved in smuggling tobacco, cigarettes, and cigars, resulting in more than RM250 million in lost tax revenue between 2020 and 2024.
According to a source, the raids targeted business premises and company owners across the Klang Valley and Johor engaged in the tobacco, cigar, and liquor supply trade.
“MACC has frozen personal and company bank accounts worth about RM218 million, while the customs department has suspended the import licences of several companies to facilitate further investigations,” said the source.