KUALA LUMPUR, Nov 16 — Authorities have begun investigating Sime Darby Berhad after receiving a forensic audit over its RM2.1 billion losses in its energy and utilities unit, as the troubled conglomerate holds its annual board meeting today.The Malaysian Insider understands that the Malaysian Anti-Corruption Commission (MACC) and the Securities Commission (SC) received the forensic audit report recently after recording foreseeable losses of RM2.1 billion for its energy and utilities (E&U) division, one of the highest ever for the Malaysian conglomerate.
16 Nov 2010
15 Nov 2010
'MACC shouldn't have prosecutory powers'
The Malaysian Anti-Corruption Commission (MACC) - or any graft-busting agency for the matter - should not have prosecutory powers, according to renowned anti-corruption consultant Bertrand de Speville. He explained that this is in order to uphold the criminal justice system.“I believe that in fighting corruption we don't lose sight of the basic principles of criminal justice and those functions, say the process of investigating, prosecuting and trying and sentencing, should be kept distinct,” he said in Kuala Lumpur today.
OC Phang’s PKFZ case delayed until Ling’s trial is done
SHAH ALAM, Nov 15 — The Attorney-General’s Office agreed today with former Port Klang Authority (PKA) general manager OC Phang’s application for a stay of proceedings until the disposal of Tun Dr Ling Liong Sik’s cheating case.DPP Dzulkifli Ahmad recommended to the Sessions Court for a stay because the proceedings of the former transport minister’s ongoing trial would be prejudicial to the current case.
MACC sets up taskforce to track donors of RTD event
The Negeri Sembilan chapter of the Malaysian Anti-Corruption Commission (MACC) has established a taskforce to identify all donors of the Negeri Sembilan Road Transport Department (RTD) "get-together" that did not take place. Its director Hishamuddin Hashim said the taskforce was also formed to assist the investigation in the case.
13 Nov 2010
For Clinton, hope is the way forward
NILAI, Nov 12 — Former US president Bill Clinton today called on the government and political leaders to focus more on the politics of hope rather than the politics of grievances if they want to see a better and more peaceful world in the future.He said it was more important for them to keep the good things moving forward and work towards greater shared prosperity and cooperation for their people.
12 Nov 2010
Police warn against vigilantism
KUALA LUMPUR, Nov 12 — Members of the public are advised to hand over suspected criminals to the police and not take the law into their own hands by taking their vengeance on the suspects.Acting Selangor police chief Datuk A. Thaiveegam said those who took the law into their own hands would find themselves in trouble as action could be taken against them if the suspect’s were injured.
We shouldn't question non-Malays' loyalty: DPM
It is best Defence Minister Ahmad Zahid Hamidi clarifies his remarks on military intake he made in the Dewan Rakyat on Tuesday as some quarters have taken exception to it, said Muhyiddin Yassin.The deputy prime minister said this was needed to rectify the situation."I have not read (about what he said) as I was not in Parliament then but from the reaction of various quarters, perhaps it is best Zahid explain his remarks and stand on the matter.
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