SHAH ALAM (March 18): An offshore maintenance company has become the first company in Malaysia to be charged with a newly introduced section in the Malaysian Anti-Corruption Commission (MACC) Act 2009.
Pristine Offshore Sdn Bhd was today charged with one count of bribery worth RM321,350 to ensure it was awarded with a subcontract from Petronas Carigali Sdn Bhd. Its current director Datuk Abdul Kamal Mydeen, who attended the court on behalf of the company today, pleaded not guilty.
The company was charged under Section 17A of the MACC Act 2009, which came into effect on June 1, 2020. With the introduction of the amendment, the MACC is now able to directly impose corporate liability on commercial organisations, including public and private limited companies whose employees or associated persons are involved in corrupt practices or dishonest commercial misconduct.
Along with the company, its former director Chew Ben Ben was also charged with one count of bribery, framed under Section 16(b)(A) of the MACC Act 2009. The bribe was allegedly given to one Mazrin Ramli, the chief operating officer (COO) of Deleum Primera Sdn Bhd, as a reward to ensure Pristine Offshore was awarded with the subcontract from Petronas Carigali.
Chew pleaded not guilty to the charge.
If convicted, the accused stands to face imprisonment for no longer than 20 years, and a fine no less than five times the amount of the bribe.
I told you right? I’m not trying to play crystal ball or predict anything. But please MyEG is the safer play here. Dsonic bonus issue at RM1.0 - RM2.0 what kind of company does bonus issue at cheap price? Director wanna goreng only. If they really want to pump the price, they won’t show you insider transactions.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
GordonWoo932
134 posts
Posted by GordonWoo932 > 2021-03-18 10:01 | Report Abuse
already wrned yesterday..below 0.56 would open for further dips..Crucial res remains at 0.68...GL!!