MISC confirms cooperation with Malaysian anti-graft body on alleged bribery

Image courtesy of MISC

Malaysian LNG shipper MISC, a unit of energy giant Petronas, said Tuesday it had been giving full support and cooperation to Malaysian Anti-Corruption Commission (MACC) on the investigation related to company’s alleged bribery.

“The group has a zero tolerance policy against any form of bribery or corruption by our employees, subsidiaries or any persons or companies acting for MISC or on its behalf,” MISC said in a statement.

MISC’s response follows local media reports which claim officials of MISC were under MACC probe over allegations of power abuse and corruption involving about 109 million ringgit ($27.9 million).

According to a report by The Sun newspaper, MACC investigators received a tip-off that alleged MISC officers were in cahoots with third-party contractors in making false payment claims at jacked up fees and non-existent work contracts involving the maintenance of ships owned by the company.

The report says that the false payments were made between 2010 and 2013.

 

LNG World News Staff

Share this article

Follow LNG World News

Posted on March 6, 2018 with tags .

Events>

<< Sep 2018 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

The Nineteenth CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry.

read more >

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >

CWC World LNG & Gas Series: 10th Asia Pacific Summit

Now in its tenth year, CWC World LNG & Gas Series: Asia Pacific Summit returns to Singapore on 16 – 18 October 2018…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >