Malaysia | Alam Maritim Resources CEO Detained in Anti-Corruption Investigation | CUAC

Civil Anti-Corruption Union – Monitoring Desk Malaysian company Alam Maritim Resources Bhd has announced that its Chief Executive Officer and Managing Director, Datuk Azmi Ahmad, has been placed under remand to facilitate an investigation being conducted by the Malaysian Anti-Corruption Commission (MACC). In an official filing submitted to Bursa Malaysia, the company stated that the detention is part of an ongoing investigation and does not imply that Azmi Ahmad has committed any wrongdoing or has been found guilty of any offense. The company added that its Board of Directors has taken the necessary measures to ensure business continuity during the investigation, emphasizing that it will disclose any material developments related to the case as they become available. Neither the company nor the authorities have revealed the nature of the investigation or the alleged violations under review, while the Malaysian Anti-Corruption Commission continues its inquiries into the case. Source: The Star (Malaysia).