New MACC Act for Corruption Used for the First Time

 

The MACC’s newly introduced corporate liability provision was used for the first time to charge a company for corruption and bribery. The said offence involved a former director of the company. The person associated allegedly paid a bribe totaling RM321,350 between 29 June to 14 October 2020 in order to secure a sub-contract for the company to lease ships for oil and gas mining work. Read the charges here:  Ship chartering firm first to be charged under MACC Act’s corporate liability provision | Malaysia 

Cynthia Gabriel spoke to BFM 89.9 about how this might positively impact accountability and transparency in the corporate sector.

Listen to the podcast here: BFM: The Business Station - Podcast Evening Edition: New MACC Act for Corruption Used for First Time