Former Economy Minister Rafizi Ramli has slammed allegations of corruption involving RM3.6 billion. He described the claims as overkill and stated that the public would not believe such unrealistic figures linked to his previous tenure in the government.

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The MACC probe into the former Economy Ministry involves two primary national initiatives totalling RM3.6 billion in combined project value:

● Silicon Vision (RM1.1 billion): This investigation focuses on a partnership with UK-based tech giant ARM Holdings, which critics claim was "rushed" and "one-sided." Rafizi has defended the project, stating that the deal was thoroughly vetted through multiple layers of Cabinet and Attorney-General approval.

● NETR Projects (RM2.5 billion): Allegations of misconduct have surfaced regarding a private joint-venture renewable energy project in Segamat involving UEM Lestra. Rafizi has clarified that the Ministry of Economy's role is strictly limited to policy setting, with no involvement in the procurement or commercial decisions made by private entities.

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Addressing a RM1.1 billion microchip deal, Rafizi clarified that the project followed all protocols. He noted that the proposal was presented to the Cabinet three times during his time as minister, denying claims that the process was rushed.

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Rafizi claimed the investigation by the Malaysian Anti Corruption Commission is a form of intimidation. He suggested the probe is retaliation for his previous demands for the suspension of Chief Commissioner Azam Baki over past share ownership controversies.

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The former minister threatened legal action against influencer Caprice over allegations involving UEM Lestra. Rafizi stated he would not let slanderous claims go unanswered, especially those attempting to silence his voice on economic reforms and transparency.

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Rafizi previously led public calls for Azam Baki to step down or be suspended. He warned that the integrity of the anti corruption agency was at stake and urged for greater accountability to maintain public trust in national institutions.

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