MACC not investigating MyEG over charges against Zahid (updated)


IT-related services counters such as My EG were among the top gainers

KUALA LUMPUR: My EG Services Bhd said the anti-graft agency has confirmed the company and its directors are not being investigated over corruption charges against former Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.

“The board of directors of MyEG wishes to further announce that the company had on Oct 19 received a letter from the Malaysian  Anti-Corruption Commission (MACC) confirming and clarifying that MyEG and its board of directors are not under the investigation and are not a party to the investigation leading to the charges against the former Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi,” it said.

Shares in MyEG plunged in morning trade on Friday after the company’s name was mentioned in the chrages against Zahid Hamidi.

The stock was last traded at RM1.13, down 37 sen or 25% ower from its previous close before trading of the shares was suspended in the afternoon session at the company’s own request.

Earlier in the day, MyEG issued a statement to clarify that it has never made any payments in the process of securing government concessions.

The company said it has no knowledge of or contact with Mastoro Kenny IT consultant & Services, the company alleged to have made payment to Zahid for help in securing MyEG contracts.

It added that it has no knowledge of the dealings between Mastoro and Zahid and has never appointed any vendors or contractors in its dealings with the Home Ministry.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Business News

Facebook’s AI mistakenly bans ads for struggling businesses
CPO futures to trade in yo-yo mode next week
More than just painting the town red
Jobs in the new normal
GLOBAL LNG-Asian spot prices rise on oil surge and heating demand
Airbus re-sells six unwanted jets built for AirAsia
Hong Kong is the real loser from new China copper contract
OPEC+ panel's informal online talks postponed to Sunday
Oil prices post weekly gain ahead of OPEC+ meeting
GLOBAL MARKETS-Stocks at record high but yields fall, US$ pressured

Stories You'll Enjoy