JAKARTA, Aug 8 — The former CEO of Indonesian carrier Garuda has been arrested on money-laundering charges linked to a major corruption scandal that saw British engine-maker Rolls-Royce pay more than US$800 million (RM3.36 billion) in fines,…
HONG KONG, June 26 — Hong Kong’s anti-corruption watchdog has arrested a former senior figure at the Hong Kong Stock Exchange operator for suspected misconduct linked to two listings. The Independent Commission Against Corruption (ICAC) said in…
ASHGABAT (Turkmenistan), Jan 30 — Turkmenistan's authoritarian leader has ordered a giant privatisation of the state-owned transport sector, state media said today, as the gas-rich nation struggles to shake off economic woes. Gurbanguly…
HANOI, Jan 10 — Police in Vietnam have arrested a former senior executive of BIDV, a bank that has come under scrutiny from an anti-graft campaign in the communist-ruled country, state media reported today. Doan Anh Sang, former deputy chief…
HONG KONG, Nov 27 — Shares in an Asian casino operator soared more than 40 per cent in Hong Kong today after it said its tycoon head, who suddenly went missing in August, had “resumed his duties.” Landing International Development said in a…
JAKARTA: Indonesia's anti-graft agency has arrested seven people, including a senior executive of palm firm Sinar Mas Agro Resources and Technology, in connection with a bribery case, an official at the agency said today.
The Corruption Eradication Commission, known as KPK, named vice-president director of Sinar Mas Agro, Edy Saputra Suradja, chief executive of PT Binasawit Abadi Pratama, Willy Agung
Adipradhana, and some members of Central Kalimantan parliament as suspects in the case, KPK Deputy chief Saut Situmorang told Reuters.
Both Sinar Mas Agro and Binasawit are subsidiaries of Singapore-listed palm oil giant Golden Agri-Resources Ltd.
The people are accused of bribing parliamentarians to avoid an investigation into Binasawit's plantation permits and palm processing waste near Sembuluh lake in the Borneo island, Situmorang said.
Golden Agri, in a statement following the arrest, said: “The company will cooperate fully with the ongoing investigation and hopes that the issues can be resolved as quickly as possible”.
It called the case “gravely concerning and regrettable” and stated that its Indonesian operations and subsidiaries must be managed in accordance to the law and regulations in the country.
A statement on behalf of both Sinar Mas Agro and Binasawit said all parties are fully cooperating with the investigation.
Reuters could not immediately reach Suradja, Adipradhana or their lawyers for comment.
Indonesia is the world's top producer of palm oil. It has faced pressures from international buyers and environmentalists to make the industry more sustainable.
Central Kalimantan parliament had received complaints from residents that palm waste, allegedly from Binasawit's plantation, had polluted Sembuluh lake, Situmorang said.
During a site visit to investigate the matter, parliament members found problems with Binasawit's permit for use of forest areas, he said. He did not elaborate.
In the operation, KPK confiscated 240 million rupiah (RM65,760) authorities suspect had been intended as bribe money, Situmorang said.
PUTRAJAYA (Oct 24): Former prime minister Datuk Seri Najib Razak has arrived at the Malaysian Anti-Corruption Commission (MACC) headquarters here for questioning over 1Malaysia Development Bhd’s (1MDB) dealings with International Petroleum Investment Company (IPIC). Najib and former Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah were summoned by the MACC to be at the headquarters at 2pm. Najib, clad in his trademark blue suit, arrived at 1.55pm. At press time, Mohd Irwan Serigar had not arrived at the premises. Bernama reported yesterday that the duo is expected to be chargedRead More
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.
PETALING JAYA: MyEG Services Bhd (MyEG) was the most active counter on the local bourse today, rising 22.12% to RM1.38 with 175.64 million shares done after clarifying that it is not subject to the probe by the anti-graft body.
The company told Bursa Malaysia last 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.
Meanwhile in an announcement to Bursa Malaysia, MyEG said it entered into a memorandum of understanding (MoU) with Universiti Malaya to jointly promote and foster the development of academic and research projects in blockchain, as well as for the implementation of an on-campus e-wallet.
The parties agree that the collaboration may include, but not limited to, knowledge exchange and mutual consultations in relation to the organising of events, conferences, and educational activities in the fields of blockchain and e-wallet implementation; development and implementation of educational content, training materials and academic programmes in the fields of blockchain and e-wallet.
It may also include promoting and organising events aimed at raising awareness on blockchain and e-wallet technologies and organising joint research projects and supporting talent development programmes in the fields of blockchain and e-wallet among others.
The MoU is valid for five years.
PETALING JAYA: MyEG Services Bhd has denied having any knowledge of the company which was implicated to have allegedly paid former Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi to secure MyEG’s jobs. It is also seeking clarification from the anti-graft body on the company and board’s status in the probe.
MyEG shares were down 37 sen or 24.7% to RM1.13 at the midday break before a trading suspension in the afternoon session.
The company told the stock exchange that it has no knowledge of Mastoro Kenny IT Consultant & Services, 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.
MyEG claims it has never been in contact with any representative from Mastoro or its board of directors and has no knowledge of the dealings between Mastoro and Ahmad Zahid.
It also noted that it has never awarded any projects nor had any dealings with Mastoro.
“The company has never appointed any vendor or contractors in any of its dealings with the Ministry of Home Affairs,” it added.
MyEG is also seeking clarification from the Malaysian Anti-Corruption Commission on the details of the charges and “to confirm that the company and its board are not a party to the investigation leading to the charges” against Ahmad Zahid.
The 11th charge accuses Ahmad Zahid of receiving RM250,000 from Mastoro in the form of a Public Islamic Bank Bhd cheque for RM250,000 belonging to Jogabonito Jewellery & Diamonds, through Junaith Asharab Md Shariff via a Maybank account of Lewis & Co.
The 12th charge accuses him of having received a bribe from Mastoro in the form of 13 RHB Islamic Bank Berhad cheques amounting to RM8 million also through Junaith Asharab Md Shariff via a Maybank account of Lewis & Co.
The 13th charge accuses Ahmad Zahid of having received 10 RHB Islamic Bank Berhad cheques for RM5 million belonging to Berani & Jujur Trading, through Junaith Asharab Md Shariff via a Maybank account of Lewis & Co from Mastoro.
Ahmad Zahid claimed trial at the Sessions Court earlier today to 45 charges comprising 27 counts of money laundering, 10 criminal breach of trust and eight charges of receiving gratification.
These charges fall under the Malaysian Anti-Corruption Commission Act and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act.