Malaysian Anti-Corruption Commission (MACC) deputy chief commissioner (operations) Datuk Seri Azam Baki said the parties have agreed to make payment in instalments after they were issued the notices on Oct 7.-Bernama

PUTRAJAYA: Only 10 per cent of 80 individuals and entities slapped with compound notices over their alleged use of funds siphoned from 1Malaysia Development Berhad (1MDB) have agreed to pay their fines.

Malaysian Anti-Corruption Commission (MACC) deputy chief commissioner (operations) Datuk Seri Azam Baki said the parties have agreed to make payment in instalments after they were issued the notices on Oct 7.

“They received (1MDB funds) and have agreed to pay up. They have also requested to pay in instalments.

“But at the moment, I can't reveal the amount which can be recovered from them,” he said during a press conference here, today.

Azam said another 40 per cent of those fined have vowed to take legal action against the MACC, while another 45 per cent have sent appeal letters to the commission.

“There are also three individuals who refused to accept the compound notices – but we are still serving them,” he added.

When asked about Pontian Member of Parliament Datuk Seri Ahmad Maslan’s statement questioning the method by which the fines payable are calculated, Azam said the funds were determined according to Section 92(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

“The calculations for the fines (are) based on the Act. If there are people who are unhappy with the calculations, then (it is their right to voice such sentiments). The MACC follows the rule of law and is not wrong in the calculations,” Azam said.

The MACC last week had issued compound notices to 80 individuals and entities which received funds totalling RM420 million from 1MDB.

Former CIMB Bank chairman Datuk Seri Nazir Razak, who is also the brother of former prime minister Datuk Seri Najib Razak, was named as the individual recipient to receive the highest amount, at RM25.7 million, which was reportedly disbursed to selected beneficiaries.

One company, Solar Shine Sdn Bhd, received RM134 million – the highest amount paid to an organisation.