Malaysia

Petronas to continue giving MACC full cooperation in graft probe

This follows claim that almost RM400 mil in contracts awarded to company guilty of worldwide corruption

Updated 3 years ago · Published on 27 May 2023 4:48PM

Petronas to continue giving MACC full cooperation in graft probe
Petronas says the company will continue to improve and strengthen its standard operating procedures to prevent and fight all forms of corruption and misconduct by employees, directors, and third parties employed by or on behalf of the companies in the group. – SAIRIEN NAFIS/The Vibes file pic, May 27, 2023

KUALA LUMPUR – Petronas will continue giving its fullest cooperation to the Malaysian Anti-Corruption Commission (MACC) with regards to the investigation into allegations of graft involving the state-owned oil company’s projects and an international oil and gas company in Sarawak.

In a statement today, Petronas claimed the company had given full cooperation to MACC in the investigation, which had not found any wrongdoing by the company, its employees, or its directors under the MACC Act 2009.

It said the company would also continue to improve and strengthen its standard operating procedures as part of a serious ongoing effort to prevent and fight all forms of corruption and misconduct by employees, directors, and third parties employed by or on behalf of the companies in the group.

This was done following the MACC’s recommendation and in line with Petronas’ zero tolerance of corruption, the company said.

MACC, in a statement yesterday, confirmed that an investigation file on the allegations has been opened by the commission, as published in a portal recently, and that Petronas has given its full cooperation to MACC.

The portal’s article claimed that Petronas had awarded almost RM400 million worth of contracts to a company that was earlier found guilty of involvement in corruption all over the world. – Bernama, May 27, 2023

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