‘Uncontrolled corruption huge detriment to economic progress’


The Institute of Internal Auditors Malaysia (IIAM) audit committee chairman Lee Min On is among the speakers at the seminar.

PETALING JAYA: Corruption, if left uncontrolled, is a huge detriment to the economic progress and democracy of a country.

The task is arduous and Malaysia has taken it a step further by amending the Malaysian Anti-Corruption Commission Act, with the introduction of Section 17A, where a commercial organisation could be prosecuted if a person associated with it commits a corrupt act to enable the organisation to acquire or retain a contract or interest.

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