Malaysia Starts Probe into Alleged Bribery at MISC

Mar 7, 2018

Malaysia’s MISC Berhad (MISC) is currently being investigated by the Malaysian Anti-Corruption Commission (MACC) related to alleged bribery.

Local media cited undisclosed sources as saying that the alleged bribery amounts to USD 27.8 million (MYR 108.5 million).

MACC launched the probe following information of alleged bribes in the form of fraudulent claims devised between MISC officials and maritime contractors. The parties reportedly filed claims to receive payments for ship maintenance services, but there was no upkeep being done from 2010 to 2013.

MACC raided the company’s offices on February 28 and seized several documents surrounding investigations. The commission has, to date, recorded nine statements from those within the company, including four senior officials.

MISC informed that it “has been giving its fullest support and cooperation to MACC,” adding that it has a zero tolerance policy against any form of bribery or corruption by employees, subsidiaries or any persons or companies acting for MISC or on its behalf.

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