KUALA LUMPUR: Three Telekom Malaysia Bhd (TM) employees from its United States subsidiary, charged with misappropriating more than US$20mil from the company, have already been dismissed.
The telecommunications company said in a statement yesterday that it had initiated its own investigation into the alleged misconduct by the three, which led to their dismissal.
Mohd Hafiz Lockman, Mohd Yuzaimi Yusof and Khanh Thuong Nguyen, all senior executives in the US subsidiary, were accused of using false statements and forged records to siphon money from the company, cheating suppliers and auditors between July 2020 and February 2026, authorities said.
TM said that after its investigation, information was shared with the relevant authorities.
“The matter is currently under the purview of the US Department of Justice (DOJ) and the US courts,” it said.
The company said it would continue to extend its full cooperation to the DOJ.
TM said it upholds strict governance and compliance standards and does not tolerate any form of misconduct.
According to reports, Mohd Hafiz was arrested at San Francisco International Airport, while the other two accused turned themselves in to authorities last month.
The DOJ did not file charges against TM itself, after the company self-reported the criminal conduct, reports said.
The department was rolling out a policy to encourage firms to report criminal misconduct in exchange for reduced penalties and other benefits.
