KUALA LUMPUR, June 26 -- Investigations by the Malaysian Anti-Corruption Commission (MACC) showed an alleged transfer of US$741,440 (about RM3.1 million) from engineering giant UEM Group Berhad into a bank account bearing the same name as Datuk Seri Azmin Ali does not exist.

MACC deputy chief commissioner Datuk Seri Azam Baki in confirming the transaction's non-existence, said investigations were conducted immediately following a report lodged by Umno supreme council member Datuk Lokman Noor Adam earlier this month.

"During the course of investigations over Lokman's report, we discovered that the transaction between the accounts and the accounts themselves did not exist.

"Moreover, Maybank and UEM have already issued statements over th...