Petronas says anti-corruption probe found no wrongdoing
Malaysian state-owned energy company Petronas on May 27 issued a statement saying that the country’s anti-corruption body’s probe into a contract awarded by the company in 2021 to a Malaysian subsidiary of an international upstream company has found no wrongdoing.
Malaysia's Anti-Corruption Commission (MACC) last week said it is investigating allegations of corruption involving Petronas and an international oil and gas company. The commission did not identify the company.
“Petronas had given full cooperation to MACC in the investigation that had not found any wrongdoing by Petronas, its employees, and directors under the MACC Act 2009,” the company said.
“Following MACC’s recommendation and in line with Petronas' zero tolerance against corruption, Petronas continues to improve and strengthen its standard operating procedures (SOP) as a serious ongoing effort to prevent and fight all forms of corruption and misconduct by employees, directors and third parties employed by or on behalf of the companies in the Group,” the company added.