4Dpredict.com -  Free live result for TOTO, Magnum 4D, DAMACAI, Sweep, Singapore TOTO, Singapore 4D and many more

MACC: No elements of graft in Bank Rakyat’s loan to businessman

| 01/06/2014 | 0 Comments
Email This Post Email This Post   Print This Post Print This Post  
1 Star2 Stars3 Stars4tars5 Stars (No Ratings Yet)

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) found no elements of corruption in Bank Rakyat’s RM32 million interest free loan to a businessman.

MACC in a statement yesterday said initial investigations found it was more a bank governance issue.

“However, the commission will take appropriate follow up action including calling the relevant parties if we receive new information,” the statement said.

A news portal recently quoted the bank’s former chairman Tan Sri Sabbaruddin Chik, as claiming the businessman sought the intervention of a politician to get the loan.

The commission, however, pointed out that not all complaints or allegations reported by the media or raised by any party is corruption.

“The MACC Act 2009 only provides provisions for investigating cases with elements of corruption.

“In this regard, the commission hopes this case is also investigated by other related agencies under the relevant laws so that action can be taken against a certain party because of failure to comply with regulations,” the statement said. — Bernama

Category: Nation, Sarawak

About the Author (Author Profile)