AIRLINK 76.98 Decreased By ▼ -0.86 (-1.1%)
BOP 4.87 No Change ▼ 0.00 (0%)
CNERGY 4.22 Decreased By ▼ -0.06 (-1.4%)
DFML 41.79 Decreased By ▼ -3.21 (-7.13%)
DGKC 84.73 Decreased By ▼ -1.24 (-1.44%)
FCCL 22.39 Decreased By ▼ -0.06 (-0.27%)
FFBL 31.45 Decreased By ▼ -0.55 (-1.72%)
FFL 9.35 Decreased By ▼ -0.15 (-1.58%)
GGL 10.16 Increased By ▲ 0.07 (0.69%)
HASCOL 6.41 Decreased By ▼ -0.14 (-2.14%)
HBL 108.60 Decreased By ▼ -3.40 (-3.04%)
HUBC 140.49 Decreased By ▼ -0.71 (-0.5%)
HUMNL 10.52 Decreased By ▼ -0.45 (-4.1%)
KEL 4.85 No Change ▼ 0.00 (0%)
KOSM 4.23 Decreased By ▼ -0.12 (-2.76%)
MLCF 37.69 Decreased By ▼ -0.56 (-1.46%)
OGDC 126.64 Decreased By ▼ -2.25 (-1.75%)
PAEL 25.03 Decreased By ▼ -0.48 (-1.88%)
PIBTL 6.26 Decreased By ▼ -0.10 (-1.57%)
PPL 116.29 Decreased By ▼ -1.21 (-1.03%)
PRL 25.74 Decreased By ▼ -0.06 (-0.23%)
PTC 13.60 Decreased By ▼ -0.14 (-1.02%)
SEARL 56.59 Decreased By ▼ -0.50 (-0.88%)
SNGP 63.20 Decreased By ▼ -1.79 (-2.75%)
SSGC 9.98 Decreased By ▼ -0.02 (-0.2%)
TELE 8.00 Decreased By ▼ -0.12 (-1.48%)
TPLP 10.14 Decreased By ▼ -0.21 (-2.03%)
TRG 66.02 Increased By ▲ 0.78 (1.2%)
UNITY 26.83 Decreased By ▼ -0.02 (-0.07%)
WTL 1.33 Decreased By ▼ -0.01 (-0.75%)
BR100 7,773 Decreased By -61.6 (-0.79%)
BR30 24,963 Decreased By -281.2 (-1.11%)
KSE100 74,219 Decreased By -447.2 (-0.6%)
KSE30 23,779 Decreased By -139.4 (-0.58%)

Malaysia is pursuing at least 18 high-profile corruption cases after this week's arrest of two prominent persons, a newspaper said on Saturday, as new Prime Minister Abdullah Badawi gears up for polls.
Eric Chia, the former head of state-owned Perwaja Steel, and Land Minister Kasitah Gaddam were both charged with graft this week, surprising investors but delighting the public as Abdullah stamped his mark as "Mr Clean" three months into office.
The Star newspaper quoted Rais Yatim, a minister in Abdullah's office, as saying there were at least 18 other corruption cases involving "high-ranking individuals and decision makers" which the authorities were due to act on.
"The Attorney-General's Chambers is looking into some of them for prosecution, while there are others which (it) cannot proceed (on) due to lack of evidence," Rais said. He could not be reached for further comment.
Prime Minister Abdullah warned investors on Friday there would be no let-up in the campaign against corruption but said the government would continue with pro-business policies.
In power since October, Abdullah has portrayed himself as a new broom sweeping through Malaysia, ordering a crackdown on red tape and corruption in business, the government and the police.
His coalition government is due to hold elections by November this year.
Kasitah, the first serving cabinet minister charged with graft, was likely to resign after meeting Abdullah on Monday, newspapers said.
But analysts said it may be difficult to abolish the nexus between business and politics which has been engrained in Malaysia for years. Abdullah's predecessor, Mahathir Mohamad, faced accusations of cronyism for handpicking businessmen for ambitious industrialisation plans throughout his 22-year reign.

Copyright Reuters, 2004

Comments

Comments are closed.