Hundreds of timber companies bank accounts frozen in Malaysia

Source:
IHB
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The fight against illegal logging continues with the Malaysian Anti-Corruption Commission (MACC) freezing 375 company bank accounts in its latest strike against Sarawak timber companies suspected of illegal operations.

In a coordinated operation some 400 personnel from MACC, police, state Forestry Department and the Inland Revenue Board raided 48 log ponds, sawmills and business premises across the state.

Sarawak Chief Minister, Adenan Satem, has cautioned the public not to presume those whose accounts are frozen by MACC are guilty of corruption and illegal logging.

However, Adenan added that the MACC means business and intends to stamp out illegal logging in the state.

Wong Kie Yik, chairman of the Sarawak Timber Association (STA), has voiced concern that the MACC action was too harsh as it has disrupted company operations and put the international competiveness of these enterprises at risk.

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