TM’s move to probe corruption allegations lauded

PETALING JAYA: Telekom Malaysia Bhd's (TM) move to set up a task force to investigate the alleged improper payments from Alcatel-Lucent SA to its staff is a step in the right direction towards better corporate governance, according to analysts.

“We view positively the move by both companies to carry out independent and joint investigations into allegations of graft, the findings of which should further strengthen and reinforce internal procurement policies and uphold the integrity of dealings with equipment vendors,” OSK Research said.