Cops to probe local company’s links to North Korea

Cops to probe local company’s links to North Korea

Malaysian company, Malaysia-Korean Partners Holdings (MKP), is reportedly under scrutiny by the UN Security Council for setting up bank in Pyongyang.

khalid-mkp
KUALA LUMPUR:
The police will look into any possible links that a local company in Balakong, Selangor has with a North Korean bank following a recent report on such ties.

Inspector-General of Police (IGP) Khalid Abu Bakar said although Malaysia-Korean Partners Holdings or MKP is not a North Korean-owned company, he did not rule out the possibility that the company will be investigated.

“Anything linked to North Korea, surely we will look into it,” he told reporters after attending a ceremony at the federal police headquarters in Bukit Aman here where police received new Kia cars.

Khalid was responding to questions by the media on MKP being probed by the United Nations Security Council (UNSC) over claims that it was involved in setting up the International Consortium Bank (ICB) in Pyongyang through a joint venture.

On Tuesday, The Star reported that MKP is a company involved in construction, shipbuilding, technology, trading, manufacturing, banking, medical technology, eco-tourism and agriculture.

Under UN sanctions, companies are banned from creating joint ventures with North Korea.

Khalid added currently there are two North Korean companies in the country, namely International Global System Sdn Bhd and International Golden System Sdn Bhd.

International Global System produces military communication systems under the brand Glocom.

However, he said both companies are not fully operating because there are no business activities.

The death of Kim Jong Nam, who was the eldest son of former North Korean leader Kim Jong Il, has created a diplomatic crisis between Malaysia and North Korea.

North Korea accused Malaysia of conspiring with “hostile forces” against them in the course of investigations. The ties between the two countries took a major turn for the worse when Putrajaya expelled North Korea’s ambassador, Kang Chol, and both countries barred each others’ citizens from leaving.

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