In reviewing the reports, the MACC and the SC have collaborated and worked closely together to identify the breaches of relevant laws arising from the information disclosed in the reports. After the completion of the review, the MACC and the SC have earlier this week convened a meeting with the Royal Malaysia Police (“RMP”) and the Companies Commission of Malaysia (“SSM”) to share their findings of possible breaches under the Penal Code and the Companies Act. The relevant reports were also handed over to the RMP and the SSM for their further action with regard to breaches that fall within their respective jurisdictions.

Where offences straddle several jurisdictions, the enforcement bodies will work together to ensure that investigations undertaken are thorough and holistic.

The MACC’s investigations into the areas of corruption under the Anti-Corruption Act 1997 and Malaysian Anti-Corruption Commission Act 2009 are still ongoing, while the SC has initiated investigations into potential breaches of the Capital Markets & Services Act 2007. In the meantime, the SC and Bursa Malaysia have worked closely to identify the various breaches of the Listing Requirements, and the SC will be issuing show cause letters to persons in breach.