KUALA LUMPUR, May 8 -- The Malaysian Anti-Corruption Commission (MACC) is investigating a corporate figure with the honorific title "Tan Sri" over allegations of money laundering involving RM500 million, believed to be linked to shares in Sapura Energy Bhd.

According to sources, the Tan Sri was summoned to the MACC headquarters in Putrajaya on May 5 and 6 to have his statement recorded, but no arrests have been made to date, The Star reported today.

"The investigations point towards elements of corruption involving investments following the merger of SapuraKencana Petroleum Bhd and Sapuracrest Petroleum Bhd, which later became known as SEB," said the source on May 8.

Raids have been carried out at several locations, including Sapura's ...