MACC ends investigation into IJM chairman


KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has completed its investigation into IJM Corp Bhd non-executive chairman Tan Sri Krishnan Tan, with no further action to be taken.

In a statement, IJM said the MACC has confirmed that no further prosecution action will be taken and that the matter has been categorised as No Further Action (NFA) in relation to investigations concerning the voluntary take-over offer by Sunway Bhd.

Separately, Tan said he welcomes the decision, noting that he had maintained his innocence throughout the ordeal.

"The investigations and publicity given thereof has caused me severe reputational damage and undone what has been a lifetime of public and corporate service, caused immense strain on my family, friends, and the organisations I serve- to all of whom I am grateful, especially my wife and family and dear friends, for standing by me," he said in a personal statement.

"I now want to put this difficult period behind me and move on."

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
IJM , MACC , Krishnan Tan , investigation , Sunway

Next In Business News

Asia shares downbeat for week as bond yields, oil stay high
MMHE posts net profit surge to RM60.59mil in 2Q
Velesto posts breakeven net profit in 2Q, declares 0.25c div/share
FBM KLCI enters midday unchanged after narrow trading
Oil set for second weekly rise as unsettled US-Iran war crimps supply
Operational excellence key to Asean's energy transition - TNB
Oppstar Technology, Alphaswift Industries gain access to Arm Technology
Ringgit opens higher against major currencies, eases vs US$
FBM KLCI little changed as traders stay defensive
Japan's core inflation accelerates in July, bolsters case for rate hike

Others Also Read