KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has seized assets and frozen bank accounts totaling RM85.6 million in its investigation involving a Tan Sri, concerning the misappropriation of sukuk funds meant for highway construction in the Klang Valley.

MACC Chief Commissioner Tan Sri Azam Baki said among the seized items were 14 personal accounts containing RM4.5 million, eight company accounts containing RM33 million, and RM7.65 million of luxury vehicles.

He added that other seized items included RM3 million worth of handbags, luxury watches worth RM7 million, and properties valued at RM24.5 million.

"We suspect that sukuk funds amounting to hundreds of millions of ringgit channelled to a company owned by the Tan Sri were misused for personal gain and were not used for the intended financing of the related highway projects.