Business as usual despite Alcatel scandal The Malaysian Insider
December 29, 2010
DEC twenty-nine It is hard to hold which telecommunications apparatus builder Alcatel Lucent SAs confession which it bribed Malaysian officials to sweeten a understanding is a first-ever occurrence of corporate incorrectness in Malaysia.So it is with some surprise to sense which a Malaysian Anti Corruption Commission (MACC) currently requested a media currently not to speculate about a scandal.MACC views a allegations very seriously as well as will determine with a parties endangered to obtain sum of a allegations before suitable movement can be taken. MACC seeks a cooperation of a media to not speculate before a sum of this explain can be verified, a MACC corporate communications unit said in a statement.Telekom Malaysia Bhd (TM) was a bit more prepared. It had a land make a difference as well as vowed to investigate a make a difference if something wrong had occurred as detected by a United States Securities as well as Exchange Commission (SEC) as well as Justice Department upon Monday.Would TM like Malaysians (only those who have been annoyed by corrupt practices) to hold which a inform entrance out of a US is a initial time it is entrance opposite any allegations of incorrectness of this kind involving Alcatel?Problem is which such a position is a widen even for Malaysians who have been served unsteadiness for decades by a supervision as well as government-linked companies.When a authority of an review cabinet resigns over any deal, it should lift red flags.In this case, The Malaysian Insider has reported which Datuk Nur Jazlan Mohamed resigned as review cabinet authority over alleged irregularities over a Alcatel deal.This move should have led to a vital probe. It did not.Even Khazanah Nasional Bhd, a vital shareholder as well as supposedly a paragon of corporate governance, did diddly squat. Fact is, a same officials who have oversight have been also a executives in a telecoms conglomerate, rais! ing a em anate of a conflict of seductiveness in such matters.But now carrying been held with a pants down, it wants to all of a sudden get serious about investigating a Alcatel scandalActually this reaction should not surprise us. It is usually a tip of a iceberg of a rubbish which goes upon daily in supervision agencies as well as GLCs, all a green as well as yellow books notwithstanding.Can we design heads to hurl or for a conduct honchos to be accountable? No.Not when a MACC says they have been small allegations despite a SEC fining Alcatel US$137 million for a offences. Perhaps a local authorities hold which a SEC as well as Justice Department have been nothing but cowboys operative out their frontier justice.Until a MACC as well as Khazanah take movement to safeguard those guilty have been brought to probity as well as corporate governance is celebrated in GLCs, it will sojourn business as common in Malaysia.
DEC twenty-nine It is hard to hold which telecommunications apparatus builder Alcatel Lucent SAs confession which it bribed Malaysian officials to sweeten a understanding is a first-ever occurrence of corporate incorrectness in Malaysia.So it is with some surprise to sense which a Malaysian Anti Corruption Commission (MACC) currently requested a media currently not to speculate about a scandal.MACC views a allegations very seriously as well as will determine with a parties endangered to obtain sum of a allegations before suitable movement can be taken. MACC seeks a cooperation of a media to not speculate before a sum of this explain can be verified, a MACC corporate communications unit said in a statement.Telekom Malaysia Bhd (TM) was a bit more prepared. It had a land make a difference as well as vowed to investigate a make a difference if something wrong had occurred as detected by a United States Securities as well as Exchange Commission (SEC) as well as Justice Department upon Monday.Would TM like Malaysians (only those who have been annoyed by corrupt practices) to hold which a inform entrance out of a US is a initial time it is entrance opposite any allegations of incorrectness of this kind involving Alcatel?Problem is which such a position is a widen even for Malaysians who have been served unsteadiness for decades by a supervision as well as government-linked companies.When a authority of an review cabinet resigns over any deal, it should lift red flags.In this case, The Malaysian Insider has reported which Datuk Nur Jazlan Mohamed resigned as review cabinet authority over alleged irregularities over a Alcatel deal.This move should have led to a vital probe. It did not.Even Khazanah Nasional Bhd, a vital shareholder as well as supposedly a paragon of corporate governance, did diddly squat. Fact is, a same officials who have oversight have been also a executives in a telecoms conglomerate, rais! ing a em anate of a conflict of seductiveness in such matters.But now carrying been held with a pants down, it wants to all of a sudden get serious about investigating a Alcatel scandalActually this reaction should not surprise us. It is usually a tip of a iceberg of a rubbish which goes upon daily in supervision agencies as well as GLCs, all a green as well as yellow books notwithstanding.Can we design heads to hurl or for a conduct honchos to be accountable? No.Not when a MACC says they have been small allegations despite a SEC fining Alcatel US$137 million for a offences. Perhaps a local authorities hold which a SEC as well as Justice Department have been nothing but cowboys operative out their frontier justice.Until a MACC as well as Khazanah take movement to safeguard those guilty have been brought to probity as well as corporate governance is celebrated in GLCs, it will sojourn business as common in Malaysia. 
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