Malaysia: Law allowing companies to be charged with corruption to come into effect June 1

The government has decided to go ahead and enforce the corporate liability law come June 1.

This would make it an offence for a commercial organisation if any of its employees or allies are found to be involved in corrupt practices for the benefit of the organisation.

The Prime Minister’s Office said that the government has decided to go ahead with implementing the provision which comes under Section 17A of the Malaysian Anti-Corruption Commission (MACC) Act 2009 after assessing the current situation and taking into consideration various views.

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