PETALING JAYA: Officials from Sapura Energy Bhd will be called up as part of an investigation into the company, says the Malaysian Anti-Corruption Commission (MACC).
Its chief commissioner Tan Sri Azam Baki confirmed that the anti-graft body had opened two investigation papers.
“The investigation will look into allegations of corruption and misappropriation of funds.
“We will also look at whether there was any money laundering involved as well as the issue of governance within the company,” he said when contacted.
It is learnt that MACC launched its investigation after receiving information on the allegations involving the company.
Azam said anti-graft officers had taken several documents and will be poring over them.
“We may need to retrieve more documents later. I will let my officers decide what needs to be done in the course of their investigation.”
Asked when the company officials would be called up, Azam said it would be determined by the MACC officers involved in the case.
“For now, investigation officers will focus on the contents of the seized documents before initiating the next move,” he added.
Recently, Prime Minister Datuk Seri Anwar Ibrahim said the RM1.1bil capital injection into Sapura Energy was not a bailout but was specifically for the payment of the company’s debts to vendors.
This involves 2,000 local oil and gas SMEs, the majority of which are bumiputra companies.
Anwar also said due diligence and conditions, including a complete restructuring of Sapura Energy’s top brass, were conducted before the capital was injected.
Sapura Energy had announced that government-owned investment company Malaysia Development Holding Sdn Bhd would subscribe to its redeemable convertible loan shares, as stated in a filing with Bursa Malaysia on Tuesday.
