Section 17A of Anti Corruption Act prevents graft by making companies liable to the actions of their employees

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KUALA LUMPUR: The implementation of Section 17A of the Malaysian Anti-Corruption Act (MACC) 2009 in June 2020 clearly demonstrated the government's commitment to combating corruption and abuse of power in a commercial organisation.

Malaysia-China Chamber of Commerce chairman Datuk Tan Yew Sing said it was difficult to stop such criminal activities but Section 17A was able to restrain people associated with commercial organisations from obtaining any benefits to the company.

"Corruption not only damages one’s integrity but tarnishes the image of the country and undermines foreign investment which sees this crime can undermine the economic and political stability of the country. "At MCCC, we also face challenges where some of us still do not fully understand how corrupt activities occur but as a company, we continue to educate every employee on what corruption is.

He said the implementation of Section 17A will also be further strengthened by the Whistleblower Act where those who report any corrupt behaviour in the organisation are also protected under the law.

 

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