PETALING JAYA: The local chapter of Transparency International has urged Putrajaya not to delay gazzetting a law that would see business entities being charged for corrupt practices, after the Malaysian Anti-Corruption Commission’s newly appointed chief said the law could be revisited.
Transparency International Malaysia (TI-M) said Section 17A of the MACC Act which was passed under the Barisan Nasional government had prompted companies to implement guidelines to curb corruption.
“I urge the law minister Takiyuddin Hassan to ensure the Act is gazetted as promised in June 2020.
“The Attorney-General’s Chambers can then enforce the law,” said TI-M president Muhammad Mohan.
Yesterday, MACC chief commissioner Azam Baki said it would study a proposal to suspend the implementation of Section 17A of the Act.
“They (businesses) are asking for a period of approximately one year to re-establish their businesses before the implementation of Section 17A,” Azam said.
The MACC Act currently allows for the prosecution of individuals involved in corruption.
Mohan said the government should continue with the momentum to combat corporate corruption.
He cited a survey of 100 companies by the Malaysian Institute of Corporate Governance (MICG), where a little over half of companies had created anti-graft guidelines and procedures.
He said enforcing Section 17A would take some time, citing the experience of the United Kingdom, where the UK Bribery Act took five years before the first case was brought up. - FMT
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