Thursday, April 22, 2021

Ex-director to be charged over RM1 billion project in first corporate graft case

The company itself will be the first commercial organisation to be charged under Section 17A of the MACC Act 2009 which came into force on June 1 last year.

Other News

A company providing ship rental services in Kuala Lumpur will become the first commercial organisation to be charged under Section 17A of the Malaysian Anti-Corruption Commission (MACC) Act 2009 since the law came into force on June 1 last year.

MACC in a statement said the director of the company had been called to assist in the investigation.

The suspect, representing the company, will be charged at the Shah Alam Sessions Court.

According to Section 17A of the MACC Act 2009 (Amendment 2018), commercial organisations are liable and can be punished if their employees or associates are involved in corruption crimes.

The statement said a former director of the same company was also detained for allegedly giving bribes of RM312,350 as a reward for being awarded a sub-contract for ship rental in oil exploration works.

The 64-year-old man was detained at the MACC headquarters in Putrajaya.

He will be charged at the same court under Section 16 b(A) of the MACC Act 2009 for giving bribes to secure contracts for ship rental.

The offence was allegedly committed between June 29 and Oct 14 last year, involving a RM1 billion project.

Follow us on Telegram for the latest updates: https://t.me/malaysianow

Subscribe to our newsletter

To be updated with all the latest news and analyses.

Related Articles