anti-graft

 
 

MyEG rebounds 24.77% after clarifying it is not part of MACC probe

PETALING JAYA: MyEG Services Bhd which was the most active counter at early trade, rose as much as 24.77% to RM1.41, after clarifying that it is not subject to the probe by the anti-graft body.

At 10.39am, the stock was trading at RM1.38 with 117.94million shares done.

The company told Bursa Malaysia on Friday that it had received a letter from the Malaysian Anti-Corruption Commission (MACC) confirming and clarifying that MyEG and its board of directors are not under the investigation and are not a party to the investigation leading to the charges against former Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.

MyEG also said that it had no knowledge of Mastoro Kenny IT Consultant & Services, the company which was named in the charge sheets against Ahmad Zahid who held the portfolio of Home Ministry during his time in office—as gratifying him to secure MyEG projects.

The Bagan Datuk lawmaker faced 45 charges comprising of money laundering, criminal breach of trust and corruption.




Indonesia raids home of Lippo Group's deputy chairman in bribery probe

JAKARTA, Oct 18 — Indonesia's anti-graft agency said today it had raided 10 locations, including the home of the deputy chairman of the Lippo Group, as part of a bribery investigation linked to the conglomerate's US$21 billion (RM87.1 billion)…



FedEx’d diamonds fuelled India’s biggest bank fraud, report says

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NEW YORK, Aug 30 — The price of the large yellow diamond alternately shrank and spiked by about a million dollars as it moved across the globe. The three-carat gem was shipped at least four times between shadowy companies allegedly controlled by…



Saudi-Canada row could further rattle foreign investors eyeing kingdom

DUBAI, Aug 8 — A worsening row between Saudi Arabia and Canada about human rights threatens to undermine Riyadh’s foreign investment drive, a campaign already unsettled by a series of assertive political and diplomatic initiatives by the top oil…


Ringgit steady amid potential BNM leadership change

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KUALA LUMPUR (June 6): The ringgit is stuck in a holding pattern as traders await developments at Bank Negara Malaysia after Governor Tan Sri Muhammad Ibrahim was said to have offered to resign. * USD/MYR steady at 3.9713 versus 3.9707-3.9727 range ** Support 3.9430, 3.9209, 3.8533; resistance 4.0060, 4.0155, 4.0543 ** NOTE: Muhammad’s offer to quit comes as Finance Minister Lim Guan Eng said the previous government paid some of scandal-hit state company 1MDB’s debt obligations using funds raised from transactions with the central bank * Muhammad’s offer to resignRead More


In a worst-case scenario, AirAsia India’s closure could shave profits by RM300m — Nomura

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KUALA LUMPUR (June 1): The ultimate closure of AirAsia India Ltd, which is currently being investigated by anti-graft agency over an alleged bribery and violation of local regulations to obtain an international licence, could shave the profits of Malaysia’s AirAsia by as much as RM300 million, according to Nomura Holdings Inc. “Ultimately, in the event of an outright closure, as much as RM300 million could be impaired on Malaysia’s AirAsia side. This has not taken into account footing the bill of closure costs, which is tough to estimate but possiblyRead More