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Tuesday, December 9, 2014

At MACC, yet another thankless victory

RM0 NST 09/12: Former Kontena Nasional Berhad CEO charged at the Sessions Court with committing criminal breach of trust involving nearly RM10m

Original article 

MACC blows open a RM9 m hood at GLC

The NST has the story H E R E
I might have missed this news if not for a CEO buddy who sent the clipping wanting to know the inside story: Who is the chief executive officer and which government-linked company? It is by no means a small victory in our collective fight against graft but, as usual, one that is totally ignored and pooh-poohed even by our great politicians and socio-political commenters. 
Kudos, the Malaysian Anti Corruption Commission for catching yet another rotten fish. Thank you for trying to keep this beloved country clean. Today's related story: Fully independent MACC is key (The Mole, 9 Dec)

Good scoop, NST!


CEO of GLC, firm owner face RM9m CBT charge

BY HANI SHAMIRA SHAHRUDIN - 9 DECEMBER 2014 @ 8:18 AM
KUALA LUMPUR: THE Malaysian Anti-Corruption Commission (MACC) is expected to charge the chief executive officer of a government-linked company (GLC) and the owner of a local shipping company with criminal breach of trust involving more than RM9 million.
A source close to the investigation said the duo were arrested yesterday and would be charged today at the Shah Alam Sessions Court.
“The CEO allegedly committed criminal breach of trust involving more than RM9 million in 2012 at the GLC’s office in the Klang Valley while the latter was believed to have abetted the offence.”
The source said the duo would be charged under Section 409 of the Penal Code for criminal breach of trust, which carries a jail term of up to 20 years and a caning.
They are also liable to a fine upon conviction.
He said the arrest of the two was part of investigations into the private sector by the commission.
MACC special operations dir-ector Datuk Bahri Mohamad Zin confirmed the arrests.
It was reported that the commission had, from 2009 to this year, detained 616 individuals in the private sector and charged 250 of them with corruption -rocky's bru

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