BAFL 38.80 Increased By ▲ 0.35 (0.91%)
BIPL 17.40 Increased By ▲ 0.15 (0.87%)
BOP 4.04 Decreased By ▼ -0.03 (-0.74%)
CNERGY 3.10 Increased By ▲ 0.02 (0.65%)
DFML 16.65 Increased By ▲ 0.10 (0.6%)
DGKC 43.98 Increased By ▲ 0.18 (0.41%)
FABL 22.50 Increased By ▲ 0.20 (0.9%)
FCCL 11.30 Decreased By ▼ -0.01 (-0.09%)
FFL 6.52 Increased By ▲ 0.15 (2.35%)
GGL 9.49 No Change ▼ 0.00 (0%)
HBL 90.39 Decreased By ▼ -0.11 (-0.12%)
HUBC 87.49 Decreased By ▼ -0.21 (-0.24%)
HUMNL 5.47 Decreased By ▼ -0.02 (-0.36%)
KEL 2.00 Decreased By ▼ -0.01 (-0.5%)
LOTCHEM 28.60 Increased By ▲ 0.10 (0.35%)
MLCF 30.10 Decreased By ▼ -0.10 (-0.33%)
OGDC 97.20 Decreased By ▼ -1.00 (-1.02%)
PAEL 10.02 Increased By ▲ 0.03 (0.3%)
PIBTL 3.95 Increased By ▲ 0.06 (1.54%)
PIOC 85.00 Decreased By ▼ -0.25 (-0.29%)
PPL 73.75 Decreased By ▼ -0.85 (-1.14%)
PRL 15.31 Decreased By ▼ -0.01 (-0.07%)
SILK 0.96 Increased By ▲ 0.02 (2.13%)
SNGP 46.82 Increased By ▲ 0.02 (0.04%)
SSGC 9.30 Decreased By ▼ -0.06 (-0.64%)
TELE 6.98 Increased By ▲ 0.02 (0.29%)
TPLP 12.30 Decreased By ▼ -0.03 (-0.24%)
TRG 90.20 Increased By ▲ 0.05 (0.06%)
UNITY 25.45 Increased By ▲ 0.06 (0.24%)
WTL 1.16 Increased By ▲ 0.02 (1.75%)
BR100 4,652 Decreased By -4.2 (-0.09%)
BR30 16,624 Decreased By -39 (-0.23%)
KSE100 46,404 Increased By 39.3 (0.08%)
KSE30 16,057 Decreased By -115.4 (-0.71%)

KUALA LUMPUR: Malaysia’s state oil firm Petronas said on Saturday an anti-corruption probe into the firm’s dealings involving a $90 million project had not found any wrongdoing by the company.

Malaysia’s Anti-Corruption Commission (MACC) said on Friday it was investigating allegations of corruption involving Petronas and an international oil and gas company in a project worth 399 million ringgit in the state of Sarawak. It did not identify the company.

Petronas said the investigation was opened in relation to its award of a contract to a Malaysian subsidiary of an international upstream company in 2021.

“Petronas had given full cooperation to MACC in the investigation that had not found any wrongdoing by Petronas, its employees, and directors,” the company said in a statement to Reuters.

The MACC said it had found “several weaknesses in practices, systems and work procedures” in its probe, and proposed improvements to Petronas’ standard operating procedures as preventive measures.

Petronas said it continues to improve and strengthen its standard operating procedures as part of an effort to prevent and fight all forms of corruption and misconduct.

Comments

1000 characters