Citing 1MDB, SRC International, MACC urges govt to amend law to expose real owners in companies | Malay Mail

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Citing 1MDB, SRC International, MACC urges govt to amend law to expose real owners in companies

Malaysian Anti-Corruption Commission chief Latheefa Koya speaks during the Regional Workshop on Promoting Beneficial Ownership Transparency in Southeast Asia in Kuala Lumpur July 22, 2019. — Picture by Yusof Mat Isa

Latheefa Koya said the proposed amendment to the MACC Act 2009 is necessary to expose the real owners in companies who often hide behind proxies and cited the ongoing court cases of the scandal-tainted 1Malaysia Development Berhad and its former subsidiary SRC International Sdn Bhd as examples. “Companies are being used in these cases to cloud the eyes of the enforcement agencies and to legalise their financial gains and or to use their companies to get financial gains without having to reveal their involvement in the companies,’’ she said in her keynote address at the United Nations Office on Drugs and Crime Regional Workshop on Promoting Beneficial Ownership Transparency in Southeast Asia here.

 

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So quiet on those corruption stories your gng thrown out before.. Suddenly msia only have 2 corruption cases.. Lol

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