So who are really behind companies? The MACC wants to know

PUTRAJAYA (Bernama): The government is to propose the inclusion of a provision in the Malaysian Anti-Corruption Commission (MACC) Act to show the real beneficiary owners in companies, says Tun Dr Mahathir Mohamad.

The Prime Minister said this was one of the matters decided upon at a meeting of the Special Cabinet Committee on Anti-Corruption which he chaired at Perdana Putra here Thursday.

Dr Mahathir said the provision would enable the MACC to identify the real owners of any interest during their investigation.

“We find that some people use other people's names, so the owners are different. We want to draft laws so that we can catch the real owners.

“We are aware that some people, in order to avoid, use other people's names. But we want to get the beneficiary owners,” he told reporters after the meeting. – Bernama