Malaysia seeks to charge 2 over US$278 million Arm semiconductor deal

Malaysia’s anti-corruption agency is seeking to charge two unnamed individuals over a 1.1 billion ringgit (US$278 million) semiconductor deal with British chip designer Arm Holdings, as former economy minister Rafizi Ramli returned for a third day of questioning in the same probe.The Malaysian Anti-Corruption Commission (MACC) said the investigation was nearing completion after officers recorded statements from 22 witnesses, including Rafizi and his former aide, political analyst James Chai.Individuals linked to the deal – signed under the economy ministry last year and billed as part of Malaysia’s push to move up the semiconductor value chain - are being investigated for alleged abuse of power, cheating and criminal breach of trust.