Published: Saturday October 6, 2012 MYT 7:37:00 PM
MACC probing deals between S’gor and Talam
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has conducted preliminary investigations into allegations of questionable deals worth over RM1bil between the Selangor government and Talam Corp, MACC Deputy Chief Commissioner (Operation) Datuk Mohd Shukri Abdull said on Saturday.
Shukri, however, refused to elaborate.
"We investigate without fear or favour all information that we receive. If there is a sufficient basis that offences have been committed under the MACC Act, we will proceed with further investigations," he told Bernama here on Saturday.
He was commenting on a statement by MCA Young Professionals Bureau chief Datuk Chua Tee Yong that the Selangor government had bailed out financially distressed Talam and had acquired the company's assets in a debt restructuring exercise at a much higher price than officially valued.
Chua had challenged the state government to explain how its exercise to recover a RM382mil debt from Talam ended in questionable deals worth over RM1bil. - Bernama