The Malaysian Anti-Corruption Commission (MACC) started an investigation on MISC, regarding bribery allegations. The company said that it will cooperate with MACC in the investigation and will provide support as well.
According to sources, MISC officials are suspects for alleged corruption for about $28 million. MACC followed up on an information regarding alleged MISC officers making false payment claims.
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As a response to these allegations, MISC released the following statement:
The Group has a zero tolerance policy against any form of bribery or corruption by our employees, subsidiaries or any persons or companies acting for MISC or on its behalf. MISC is fully committed to the highest standards of integrity and accountability throughout our businesses and operations. The Company adheres to the MISC Group Code of Conduct and Business Ethics as well as its Anti-Bribery and Corruption Policy & Guidelines.
