Malaysia

MACC arrests SilTerra management personnel

DNeX group says any form of misconduct among employees, contractors not tolerated

Updated 2 years ago · Published on 09 Sep 2021 9:32PM

MACC arrests SilTerra management personnel

KUALA LUMPUR – The Malaysian Anti-Corruption Commission has arrested several key management personnel of SilTerra Malaysia Sdn Bhd, a unit under Dagang NeXchange Bhd’s (DNeX) technology division, to assist in an investigation into a potential offence under the MACC Act 2009.

DNeX, which provides services in the technology and energy sectors, said the probe may be related to a legacy issue, and that the company has limited information on the matter.

“The company does not condone nor tolerate any form of misconduct among its employees and contractors, and will ensure that SilTerra provides its full cooperation and assistance to the authorities in their investigation,” it said in a filing with Bursa Malaysia today. 

DNeX said SilTerra’s business operations will not be affected, and there is no financial or operational impact on the group arising from the MACC probe.

“The company will make the necessary announcements to Bursa Malaysia Securities Bhd as and when there are further developments in relation thereof.” – Bernama, September 9, 2021

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