MACC probing tyre industry for price manipulation
The Malaysian Anti-Corruption Commission (MACC) is looking into allegations of price manipulation and other issues in the country’s tyre industry.
A source told Berita Harian (BH) that the matters under scrutiny include the import of tyres – allegedly up to 300 containers annually – which might be unsafe or unsuitable for use in Malaysia.
The Malay daily also reported that the government was estimated to be losing up to RM70 million a year due to the import of around 100,000 tyres used by heavy vehicles.
The source said the losses were caused by unpaid import duties on tyres brought in from non-Asean countries, which should have been charged a 40% duty plus a 10% sales and service tax.
“MACC is reviewing this issue and will take further action,…
