Petronas says it is cleared of any wrongdoing in RM399 mil by MACC

THE Malaysian Anti-Corruption Commission (MACC) has not found any wrongdoing in its probe into Petronas’ dealings involving a RM399 mil project.

The state-owned oil and gas company said in a statement that the investigation was about a contract awarded to a Malaysian subsidiary of an international upstream company in 2021.

A report in local news portals yesterday said the MACC had confirmed it had opened an investigation on the matter.

“Petronas had given its full cooperation to the MACC in the investigation which has not found any wrongdoing by Petronas, its employees and directors,” it said.

The MACC investigation was centred on allegations regarding the awarding of a RM399 mil Petronas project in Sarawak to a foreign company that was previously barred by other countries due to corruption charges.

In the investigation, the MACC identified several weaknesses in the practises, systems, and procedures related to the tender process for the project.

As a result, the agency stated that Petronas needs to enhance its standard operating procedures (SOPs) as a preventive measure against corruption.
“In response to allegations of corruption involving Petronas projects and an international oil and gas company, which were recently published on a portal, the MACC confirms that it has opened an investigation file on the issue,” it said in the statement yesterday (May 26).

The MACC also confirmed that Petronas has provided full cooperation in the investigation.

The agency called on individuals with new information related to the issue to come forward and assist in the investigation under the MACC Act 2009. — May 27, 2023

Subscribe and get top news delivered to your Inbox everyday for FREE