KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) is studying a proposal to delay the enforcement of a new law that would allow companies to be charged with corruption, says its new chief commissioner.
MACC chief commissioner Datuk Seri Azam Baki said the amendment to the MACC Act 2009, which is supposed to come into force on June 1, is being scrutinised, according to Bernama.
Section 17A of the MACC Act 2009 was passed in Parliament on April 5,2018, providing for companies involved in corruption to be charged.
Before the provision, the MACC Act focused only on the prosecution of “natural persons” - only individuals involved in corruption.
Azam said this was due to demands especially from companies that were not prepared with appropriate anti-corruption plans, the national news agency reported.
“In addition, they are also experiencing a business slump following the Covid-19 pandemic.
“They are asking for a period of approximately one year to re-establish their businesses before the implementation of Section 17A, ” he told Bernama after being sworn in as the new chief commissioner of the anti-graft body at Balai Singgahsana Kecil (Small Throne Room), Istana Negara, here Tuesday (May 5).
Azam said he would take into account the views of several parties before informing the government of a decision.
"I give my assurance that this proposal will be considered in the best possible manner although we are fully prepared to implement Section 17A," he said.