Malaysia’s Anti-Corruption Commission rounds up nine in alleged Petronas fraud case


The Malaysian Anti-Corruption Commission (MACC) has arrested a total of nine people since the last time on suspicion of corruption related to a project by national upstream company Petronas Carigali.

The nine people assembled so far to help the commission’s investigation into allegations of corruption include a junior executive at Petronas Carigali.

“This investigation is the result of cooperation and information sharing between MACC and Petronas to help strengthen the integrity of the government-linked company,” the commission said Monday.

MACC added that it wanted to clarify that Petronas Chief Executive Tengku Muhammad Taufik was not among those arrested, as some parties had claimed.

The other eight people arrested are owners and senior managers of contractor and vendor firms, which carried out projects related to the alleged corruption, MACC confirmed.

Petronas admitted on Saturday that one of its junior executives was arrested by MACC for alleged bribery.

The article continues below the ad

“We strongly condemn all forms of misconduct among our employees. To this end, Petronas has been working closely with MACC since 2012 and will continue this collaboration to root out corruption within the group,” the state oil company said.

Petronas stressed that it has zero tolerance against corruption and will continue to leverage its internal mechanisms to prevent corrupt behavior.

“Our Code of Business Conduct and Ethics expressly prohibits improper solicitation, bribery and other misconduct by employees, directors and third parties performing work or services for or on behalf of group companies.”


Comments are closed.