MACC to use new provision to prosecute companies, not just individuals

MACC deputy chief commissioner Azam Baki said the enforcement of Section 17A of the MACC Act would be to fulfil the international requirements under Article 26 of the United Nations Convention Against Corruption , which refers to the liability of legal persons.

“Section 17A was enacted to enable companies involved in corruption activities to be subjected accordingly to legal action. Azam said under the new provision, a commercial organisation could be prosecuted if a person associated with the organisation commits a corrupt act to enable the organisation to acquire or retain a contract or interest.

Board should be held accountable too. Many board members especially at GLCs are just there to collect fee and perks.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

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