MalayMail-Mar 17

A company director is set to the first person to be charged under the newly enforced corporate liability laws as a result of the alleged corrupt actions of the company’s previous director, the Malaysian Anti Corruption Commission (MACC) said today. The MACC said in a statement that investigations found the ex-director, while he was still with the firm, to have given a bribe of RM321,350 to a company in exchange for being awarded subcontracts to charter the vessels for oil exploration works. As an effect of the former director’s actions, MACC said the vessel rental company’s current chief would also face prosecution under the corporate liability laws within Section 17A of the MACC Act 2009. “This is the first case for an offence since it came into effect on June 1, 2020,” the commission said.

Read more at: https://www.malaymail.com/news/malaysia/2021/03/17/company-director-to-be-first-person-in-malaysia-charged-with-corporate-liab/1958670