Billionaire Jeffrey Cheah’s Sunway Proceeding With $2.7 Billion IJM Takeover Despite Money-Laundering Probe
- Posted on January 22, 2026
- By Forbes
- 2 Views
Billionaire Jeffrey Cheah’s Sunway Proceeding With $2.7 Billion IJM Takeover Despite Money-Laundering Probe
News of the money-laundering probe broke out on Monday, a week after Sunway announced its proposed takeover of IJM in a cash and share deal. Sunway’s offer also sparked criticism that it could dilute the government’s equity interests and the rights of indigenous Malay investors.
