Former Malaysian PM Ismail Sabri charged with failure to declare assets, including nearly US$40m and gold bars
Ismail Sabri Yaakob, who pleaded not guilty, is accused of failing to declare holdings in ringgit and nine foreign currencies, as well as five gold bars, a silver bar and a gold coin.
Former Malaysian Prime Minister Ismail Sabri Yaakob arrives at the Kuala Lumpur Courts Complex ahead of his asset declaration court case on Aug 27, 2026. (Photo: CNA/Fadza Ishak)
KUALA LUMPUR: Former Malaysian Prime Minister Ismail Sabri Yaakob has been charged with failing to declare his assets under the country’s anti-graft law.
The 66-year-old pleaded not guilty and claimed trial after the charge under Section 36(2) of the Malaysian Anti-Corruption Commission (MACC) Act was read to him at the Kuala Lumpur Sessions Court on Thursday (Aug 27).
Ismail Sabri is accused of failing to declare nearly US$40 million in local and nine foreign currencies, as well as five Suisse Fine gold bars, a Suisse Fine silver bar and a gold coin, on Feb 7 last year at MACC’s headquarters in Putrajaya, according to national news agency Bernama as well as other local news outlets The Edge and Free Malaysia Today.
These are the allegedly undeclared currency holdings:
- RM14.77 million (US$3.67 million)
- S$6.13 million (US$4.82 million)
- US$1.46 million
- 3 million Swiss francs (US$3.72 million)
- 12.16 million euros (US$14.18 million)
- 363 million yen (US$2.28 million)
- 50,250 pounds (US$68,280)
- 44,600 New Zealand dollars (US$26,540)
- 34.75 million UAE dirhams (US$9.46 million)
- A$352,850 (US$253,430)
Bail was set at RM300,000. The next court mention was set for Sep 29.
If convicted, he could face up to five years in jail and a RM100,000 fine.
Ismail Sabri - who was Malaysia’s prime minister from August 2021 to November 2022 - has been at the centre of corruption and money laundering allegations and was called in by MACC for multiple rounds of questioning last year. The anti-graft agency completed its probe in June 2025.
In March 2025, he was named a suspect in an ongoing corruption probe involving RM700 million in government funds.
The money was allegedly spent as part of his administration’s “Keluarga Malaysia” promotional campaign. “Keluarga Malaysia”, which means “Malaysian family”, was an idea Ismail introduced in his inaugural speech as prime minister.
MACC said at the time that it had seized about RM170 million in cash and other currencies, 16kg of gold bars valued at RM7 million, jewellery and luxury watches from premises believed to be used as “safe houses”.
Four of Ismail Sabri’s former officers were also arrested in connection with the investigation.
Ismail Sabri was initially due to be charged on Aug 7, but the court proceedings were postponed to Aug 27 after he was admitted to the National Heart Institute, where he underwent a pacemaker procedure.
He is Malaysia’s third former prime minister to face a corruption investigation, after Najib Razak and Muhyiddin Yassin. He is also the country’s shortest-serving prime minister.
