MACC freezes bank accounts of utility companies over 2015 deal
The Malaysian Anti-Corruption Commission (MACC) has frozen and seized certain bank accounts of utility infrastructure company Rohas Tecnic Bhd and two of its subsidiaries. The freeze is believed to be part of an investigation into a 2015 deal.
The two subsidiaries are HG Power Transmission Sdn Bhd and Rohas-Euco Industries Bhd.
The three companies are involved in building high-voltage electricity transmission towers.
In a Bursa filing, Rohas Tecnic said the three companies received the freeze and seizure orders by MACC which were made under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
“The orders are believed to be issued as part of an MACC investigation concerning a contract entered into by HG Power Transmission in 2015,…
