KUALA LUMPUR, Sept. 29 -- The Malaysian Anti-Corruption Commission (MACC) has raided companies suspected of tyre smuggling and falsifying import and export documents that cost the government about RM350 million in lost tax revenue since 2020.

The raids were carried out under an integrated operation called Ops Grip, led by the MACC's Special Operations Division with support from the Inland Revenue Board, Bank Negara Malaysia and the Royal Malaysian Customs Department.

Authorities targeted 23 locations across the Klang Valley, Penang and Johor, including tyre import businesses, warehouses and storage containers.

Investigators froze private and corporate bank accounts linked to the suspects, involving an estimated RM70 million.

The inves...