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>

<< Jun 2018 >>
MTWTFSS
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 1

Offshore Energy Exhibition & Conference 2018

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

read more >

The 27th World Gas Conference (WGC 2018)

The 27th World Gas Conference (WGC 2018) will be the largest, most timely and most significant global gas conference and exhibition ever held.

read more >

Oil and Gas 2018

The conference will cover a wide range of topics and allow participants to discuss about the new technologies developed in Petroleum…

read more >

Gastech Exhibition & Conference 2018

The leading exhibition and conference for the global gas, LNG and energy industries.

read more >