1. OUR PRINCIPLE

 We adopt a “zero-tolerance position on all forms of bribery and corruption”.

 

2. ANTI-BRIBERY & ANTI- CORRUPTION

In line with Malaysian Anti-Corruption Commission Act 2009 (“MACC Act”) and the Guidelines of Adequate Procedures by the Prime Minister’s Office, the Group has developed and implemented this ABAC Policy as a comprehensive set of measures to combat bribery and corruption of all forms related to the Group’s business and operations.

2.1 Bribery Under the MACC Act, “gratification” or what most people call “bribery” means offering, giving, receiving or soliciting something of value (for example money or information) in an attempt to illicitly influence the decisions or actions of a person with a position of trust within an organisation.

2.2 Corruption is defined as the abuse of office or position for personal gain or the misuse of position to help others in improperly enriching themselves or getting power. Corruption has a broader definition than bribery.

 

3. OFFENCES

Engaging in bribery and corruption is illegal according to both local and international legislation. You must be aware that under the MACC Act, if you participate in bribery and corruption, you may be subject to:

3.1 Imprisonment up to 20 years; and

3.2 A fine at least five times the sum or value of the relevant bribe (gratification)

 

4. FORM OF BRIBERY AND CORRUPTION

4.1 Kickbacks These are bribes fulfilled after a company has awarded a contract. They take place in purchasing, contracting, or other departments responsible for decisions to award contracts. The supplier provides the bribe by giving part of the contract fee back to the buyer, either directly or through an intermediary.

4.2 Facilitation payments These are typically small payments made to secure or expedite the performance or action to which the payer is entitled, legally or otherwise.

4.3 Charitable and political donations, sponsorship, travel, and promotional expenses These are legitimate activities for entities but can be abused by being used as a subterfuge for bribery.

4.4 Patronage Favouritism in which a person is selected, regardless of qualifications, merit, or entitlement, for a job or benefit because of affiliations or connections