MACC probing TM over alleged irregularities in P1 acquisition

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The probe is also said to be the reason behind the delay in the appointment of its new CEO.

by MACC officers last month in relation to its acquisition of wireless service company Packet One Networks Sdn Bhd ., the MACC initiated its investigation after a report was filed on the 2014 acquisition, as recommended by the TM board.

Quoting sources, the report stated that no action has been taken against any of the individuals quizzed by MACC officers to date.The telecommunications operator posted its first quarterly loss in a decade during the third quarter of 2018, with impairment provisions ballooning to RM934 million, including for P1-related assets.that the MACC probe was the reason behind the delay in the appointment of the new TM CEO.

"TM reiterates our strong commitment to uphold integrity, governance and transparency, with zero tolerance of any improper and irregular practices on the part of our partners, contractors or our employees.

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We pay so high bills to TM because of all these CORRUPT deals overpaying for what For bribes?

On the move

LatheefaKoya it's time you send your boys to BursaMalaysiaKL and SecComMY to do house keeping.

LatheefaKoya it's time you send your boys to BursaMalaysiaKL and SecComMY to do house keeping

Thumbs up SPRMMalaysia. It was ridiculous for TM to purchase P1... When P1 leases it's bandwidth from TM. BursaMalaysiaKL and SecComMY let this and many others slip under their watch Time to stop market manipulation

Do the needful.

Yes! One by one.

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MACC probes possible irregularities in P1 acquisitionPETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) is investigating whether there are irregularities in Telekom Malaysia’s (TM) 2014 acqui... SPRMMalaysia Didnt know MACC probes corporate M&A In that case you definitely want to look into RHB purchase of OSK. Ong Leong Huat jadi chairman invsmnt bank. Menantu jadi Ceo. Anak pompuan ceo rhbassetmgmt. Rhb yg beli tapi dia pula jadi boss bawak masuk anak beranak🤦‍♀️ go for jugular... too much irregularities in GLCs
Source: theSundaily - 🏆 25. / 51 Read more »