SHAH ALAM, 30 Dec: The Malaysian Anti-Corruption Commission (MACC) cannot investigate the purchase of a luxury condominium worth RM110 million by the Prime Minister’s stepson because there is no law to investigate individuals who buy assets beyond their means.
Citing the Harakah Daily report, the MACC stated that they proposed for provisions to be included in the Malaysian Anti-Corruption Commission Act 2009, but Putrajaya has yet to table it in Parliament.
“Although this is not our full function, MACC welcomes the matter being included into the proposed amendments to the Act, which will be brought to Parliament next year ,” the commission said in a press statement yesterday.
The statement was issued after the opposition demanded for the MACC to investigate the purchase of a luxury condominium by film producer, Riza Shahriz, in New York.
Riza is the son of the Prime Minister’s wife, Datin Seri Rosmah Mansor, from her previous marriage.
Media reports also said that the 36-year-old man worked in the banking industry in London and he collected his wealth in real estate equities.
Riza also co-owns Red Granite, the company which produced the latest Hollywood film starring Leonardo DiCaprio, “Wolf on Wall Street”.
An entertainment columnist wrote about the purchase of the luxury condominium in December 2010, but only became headline news after the Sarawak Report website reported it and questioned the purchase.
The condominium is said to be the most expensive and exclusive in the world, apart from having 15 rooms with an area of 7,738 square feet and a stunning view from a balcony with an area of 1,244 square feet.
However, the New York real estate website, The Real Deal, stated that Riza bought the seven room property at the Park Laurel on West 63rd Street in November last year.
The LA Times reported this week that Red Granite received money from an unidentified group of investors from the Middle East and Asia, and will only finance the film.
The production of the Wolf of Wall Street reportedly involved US$100 million, where Red Granite fully funded it.
