MACC probe into KL Tower shares sale

PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has summoned three people in its investigation into an allegedly suspicious sale of shares involving the ownership of KL Tower.

It also confirmed that there was an ongoing probe.

“The MACC will probe if there is an element of corruption in the sale of 100% shares of Telekom Malaysia in Syarikat Menara KL Sdn Bhd to Hydroshoppe Sdn Bhd in October 2022.

“At the moment, MACC has summoned three witnesses and has received several documents from the involved parties for scrutiny,” it said in a statement.

The MACC said it would carry out an exhaustive, comprehensive and professional investigation into the issue.

On Tuesday, Communications and Digital Minister Fahmi Fadzil said the sale of Menara Kuala Lumpur deserved scrutiny.

This came after issues involving the takeover of MLK by Telekom Malaysia through its subsidiary Menara Kuala Lumpur Sdn Bhd were raised on social media.

Telekom Malaysia said KL Tower is owned by the government and its operations and maintenance were granted under a concession to Telekom subsidiary Menara Kuala Lumpur Sdn Bhd (MKLSB) since 1996.

In October 2021, Telekom Malaysia decided not to renew its concession of KL Tower as part of its plan to refocus efforts and resources on its core business of telecommunications and technology, and had informed the government accordingly.

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