Two individuals were identified for possible criminal charges over the government’s RM1.1 billion deal with semiconductor firm Arm Holdings, said MACC chief commissioner Azam Baki, declining to confirm if ex-economy minister Rafizi Ramli was one of them.

“It is up to the attorney-general to decide when the time comes,” he added when asked about the identity of the two.

Previously, Rafizi, who described the probe as a form of intimidation, said he expects...