MACC arrests key SilTerra personnel

MACC arrests key SilTerra personnel

SilTerra Malaysia Sdn Bhd is a unit under investment holding company Dagang NeXchange Bhd’s tech division.

Dagang NeXchange said SilTerra’s business operations would not be affected and that no financial or operational impact was anticipated from the probe. (silterra.com pic)
KUALA LUMPUR:
The Malaysian Anti-Corruption Commission (MACC) has arrested several key management personnel of SilTerra Malaysia Sdn Bhd, a unit under Dagang NeXchange Bhd’s (DNeX) technology division, to assist in an investigation of a potential offence under the MACC Act 2009.

DNeX, which provides services in the technology and energy sectors, said the investigation might potentially be related to a legacy issue, based on the limited information available to the company.

“The company does not condone nor tolerate any form of misconduct among its employees and contractors and will ensure that SilTerra provides its full cooperation and assistance to the authority in their investigation,” it said in a filing with Bursa Malaysia Securities Bhd today.

DNeX said SilTerra’s business operations would not be affected and there was no financial or operational impact to the DNeX group arising from the MACC probe.

“The company will make the necessary announcements to Bursa Malaysia as and when there are further developments in relation thereof,” it added.

Electronics chipmaker SilTerra was a loss-making unit under Khazanah Nasional Berhad until it was sold to a consortium involving DNeX and a China-based equity fund in March this year.

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.