Concerned citizens lodge MACC report alleging wrongdoings by SC officials

PETALING JAYA: A group has come forward to lodge a report with the Malaysian Anti-Corruption Commission (MACC) alleging corrupt practices by high-ranking Securities Commission (SC) officials.

The non-governmental organisation calling itself Rakyat Malaysia Prihatin claimed to have evidence of alleged wrongdoings that also involved politicians holding top government posts.

“I want the MACC to investigate this matter immediately. We do not want the integrity and image of the SC to be tarnished due to such cases,” an unnamed representative of the group told Utusan Malaysia after lodging the report with MACC in Putrajaya at about 4.30pm on Sunday (Jan 9).

The representative cited three cases, the first involving a relative of a senior SC management official who was allegedly given a top post in a company.

The company in question was being investigated by the SC with the appointment being an alleged inducement to cover up the company’s wrongdoings.

“There is also a case involving conflict of interest, where a SC board member is alleged to be holding shares worth RM28.2mil in a company which has a working relationship with the commission.

“The third case involves high-ranking SC officials taking bribes to close cases involving insider trading by public-listed companies,” the representative claimed.

The group said it was acting as "concerned rakyat" who wanted to ensure that government agencies are clean and not corruptly used for personal gain.

It then added that it would provide the MACC with proof of the wrongdoings once investigations begin.