IJM said it will take further legal action if necessary to protect its reputation.
PETALING JAYA: IJM Corp Bhd
has strongly refuted the false and malicious allegations circulating online regarding the company and its leadership.
In a statement, the company said it adheres to strict corporate governance and competes based on capability, track record and compliance with all regulatory requirements.
“As a publicly listed entity, the company operates with the highest standards of transparency and integrity.
“In response to the spread of misinformation, IJM has lodged a formal report with the Malaysian Communications and Multimedia Commission or MCMC and will take further legal action if necessary to protect its reputation.”
IJM said it will also cooperate fully with the relevant authorities if required.
The company said its chairman is a non-executive director (with a 0.3% shareholding) and holds no executive authority over the company’s operations.
“The Mass Rapid Transit Three project was an open and competitive tender, with many major Malaysian and foreign contractors participating. The tender process was conducted transparently and any suggestion of improper influence is completely false and misleading.
“Furthermore, the project has been deferred by the government and the tender process has been called off.”
Additionally, IJM said claims about its former chief executive officer’s resignation are false.
“He opted for early retirement, which was approved by the board, and was recognised for his contributions.
“IJM remains operationally strong and its business fundamentals remain unaffected. The company continues to focus on delivering its projects and commitments to stakeholders,” it said.
