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.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

New provision in MACC Act will be used against corrupt companiesKUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) will enforce and use the new provision in the MACC Act 2009 Act, effective June 2020, to...
Herkunft: theSundaily - 🏆 25. / 51 Weiterlesen »

MAICCI supports DBKL ban on foreigners doing business in the cityKUALA LUMPUR (Bernama): The Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI) Saturday (May 25) expressed its support for a Kuala Lumpur City Hall (DBKL) move to prohibit foreign nationals from conducting 23 types of business activities. Good news to hear... Hope the talk just don't be a dust and the necessary action taken on timely manner..... KhalidSamad turun padang esok ke Jalan Silang. Buka 👀👁 besar-besar 👍
Herkunft: staronline - 🏆 4. / 75 Weiterlesen »