According to Malaysian Anti-Corruption Commission chief commissioner Tan Sri Azam Baki, Malaysia suffered a staggering loss of approximately RM277 billion over a five-year period from 2018 to 2023 due to corruption.
He revealed that this amounted to an average annual loss of about RM55 billion, based on cumulative gross domestic product estimates.
“This huge amount should be used to help people in various aspects especially in the implementation of social projects such as repairing schools and hospitals, but unfortunately, we’ve lost it due to the crime of corruption,” he said at the launch of the National Anti-Corruption Strategies 2024-2028 here, today.
