KUALA LUMPUR, Jan. 21 -- The Malaysian Anti-Corruption Commission (MACC) has frozen 55 bank accounts belonging to individuals and companies as part of its probe into IJM Corporation Bhd.

The move forms part of a wider investigation into alleged irregularities involving procurement, financial dealings and overseas assets valued at roughly RM2.5 billion, The Star reported today.

A source close to the inquiry said MACC teams executed searches at four locations, including the residence and office of a senior figure linked to the company.

"At the same time, the MACC froze 55 personal and corporate bank accounts linked to the case, with total funds amounting to about RM15.8 million," the source was quoted as saying.

According to the source,...