KUALA LUMPUR (Aug 28): RGB International Bhd, whose shares fell in active trading on Monday (Aug 28), has clarified that the group only undertakes the outright sale of gaming machines, and has no involvement or ownership in slot clubs in the country.

In a bourse filing on Monday, the Penang-based gaming solutions provider also said that it "had not and will not condone any form of political funding".

The group said it was responding to an article entitled RGB International Bhd Syarikat Judi Taja Hamzah, VIP, PN: CEO dan Tan Sri di tahan SPRM? published by Sabahkini2.com on Sunday.

"The company's directors are thus offering their full cooperation to the Malaysian Anti-Corruption Commission (MACC) investigation," said RGB International. "The company's directors have no link to any politician in the country."

According to a report in Utusan Malaysia on Sunday, 13 individuals including an individual with the Tan Sri title were arrested by the MACC last Wednesday on suspicion of being involved in the ownership of companies that supplied gambling slot machines.

They allegedly received funds from companies that were granted licences to operate slot machine activities in private clubs owned by the companies, with the funds used to finance campaigns during the 14th and 15th general elections and the recent state elections.

RGB International, in its filing, stressed that it adopts a zero-tolerance approach towards bribery and corruption and upholds the highest standard of compliance.

To uphold this commitment, the group said it established an anti-bribery and corruption policy in 2015 which sets out standards for directors, employees, agents, consultants, suppliers and vendors to comply with in conducting business.

“If any parties deviate from the company's zero tolerance approach, the company will take necessary action to protect the interest of its shareholders and all relevant stakeholders,” it added.

RGB shares fell 13.89% or five sen to close at 31 sen on Monday, with 139.46 million shares changing hands, making the counter the second most actively traded on Bursa Malaysia.

The stock hit a speed bump after reaching a 16-year high of 42 sen on Aug 21. Over the past week, it has declined 26%. Its market value has come down by RM170 million to RM480 million.