Rafizi Ramli ARM deal

The MACC investigation into Rafizi Ramli's involvement in the RM1.1 billion Arm Holdings deal began in early 2026, with the agency first urging Rafizi's former aide James Chai to return for questioning on March 6, 2026, stating that public statements could not replace the legal process. By April 1, 2026, MACC formally notified James Chai that he had two weeks to appear in person to give his statement. James Chai was subsequently quizzed by MACC on April 28, 2026, and left MACC headquarters after eight hours of questioning. He faced a third round of questioning on April 29, 2026. Rafizi Ramli received a MACC summons on May 1, 2026, regarding the ARM agreement, and was questioned by MACC the same day. He arrived at MACC on May 4, 2026, for further questioning over the Arm Holdings probe. On May 4, 2026, MACC confirmed it would quiz the ex-minister over the deal with British chip giant Arm, as reported by The Straits Times. Rafizi submitted a 28-page file to MACC on May 13, 2026, related to the RM1.1 billion Arm probe. On May 14, 2026, MACC confirmed receiving a USB drive and documents from Rafizi for the ARM deal probe. By May 21, 2026, an MP claimed the MACC chief had jumped the gun on the Arm case. Throughout the investigation, MACC has recommended charges against two individuals in the Arm Holdings case, as reported on May 6, 2026, by multiple outlets including Free Malaysia Today and The Edge Malaysia, and reiterated on May 6, 2026, by the South China Morning Post, which stated Malaysia sought to charge two over the US$278 million Arm semiconductor deal. Rafizi has maintained that all documentation is in order amid the probe.