Rene Haas, CEO of chip tech provider Arm Holdings, holds a replica of a chip with his company’s logo on it, during an event in which Malaysia’s Prime Minister Anwar Ibrahim officially announces a $250 million deal with the company, in Kuala Lumpur, Malaysia March 5, 2025. REUTERS
KUALA LUMPUR, March 4 (Reuters) – Malaysia’s anti-graft agency said on Wednesday that it is investigating corruption and fraud allegations involving a 1.1 billion ringgit ($279 million) deal between the Malaysian government and British chip firm Arm Holdings.
Authorities were also looking into a proposed takeover of IJM Corp by local conglomerate Sunway Malaysian Anti-Corruption Commission chief Azam Baki said at a press conference.
Reporting by Danial Azhar and Rozanna Latiff; Editing by David Stanway
