Alcatel kickbacks: Telekom implicated
Published: Dec 29, 2010 11:32 PM | Updated: Dec 30, 2010 11:31 AM
Telekom Malaysia Bhd (TM) will investigate the alleged improper payments from Alcatel to its employees regarding bids for
Celcom Malaysia's 3G mobile services.
Telekom Malaysia Bhd (TM) will investigate the alleged improper payments from Alcatel to its employees regarding bids for
Celcom Malaysia's 3G mobile services.
In a filing to Bursa Malaysia, TM said: "We take these allegations seriously and we will extend all necessary cooperation where required to the relevant authorities.
"Through a proposed board sub-committee, we will further conduct a thorough internal investigation to safeguard the integrity of our procurement process and code of business ethics."
Responding to an article that appeared on the Malaysian Insider news portal titled 'TM probes Alcatel kickbacks, allegedly linked to 3G services' today, the company said it has a zero-tolerance policy towards such improprieties and will take appropriate action in the event that any of its employees were indeed involved.
The allegation surfaced after French-based telecommunication equipment group Alcatel-Lucent (ALU) concluded its settlement with the US Securities and Exchange Comission and the US Department of Justice which was made public on Monday following their investigations of violations of the Foreign Corrupt Practices Act.
Alcatel was said to have violated the Foreign Corrupt Practices Act prior to its 2006 merger with US-based Lucent Technologies.
According to reports, ALU agreed to pay US$137 million in fines and penalties to settle the charges after reaching an agreement with the US Justice Department and Securities and Exchange Commission.
The settlement cover activities in several countries in Africa, Latin America, Asia, including Malaysia.
The investigation in Malaysia covers events that occurred between October 2004 and February 2006 and involves alleged improper payments to TM employees, TM said.
In a separate statement, Axiata Group Bhd which was part of TM during the period the payment was allegedly made, said it views these potential allegations seriously and will investigate this matter.
"Although there was no specific mention of any contract relating to Axiata or its subsidiaries, there may be a potential indirect link as this matter allegedly occurred between October 2004 and February 2006 prior to the demerger of TM Group," it said.
Axiata said as a responsible corporate citizen, the company and its subsidiaries upholds the highest standards of integrity and ethical standards in all its dealings and does not condone or tolerate any breach of code of conduct by its employees, subsidiaries, partners or vendors.
- Bernama
Celcom Malaysia's 3G mobile services.
In a filing to Bursa Malaysia, TM said: "We take these allegations seriously and we will extend all necessary cooperation where required to the relevant authorities.
"Through a proposed board sub-committee, we will further conduct a thorough internal investigation to safeguard the integrity of our procurement process and code of business ethics."
Responding to an article that appeared on the Malaysian Insider news portal titled 'TM probes Alcatel kickbacks, allegedly linked to 3G services' today, the company said it has a zero-tolerance policy towards such improprieties and will take appropriate action in the event that any of its employees were indeed involved.
The allegation surfaced after French-based telecommunication equipment group Alcatel-Lucent (ALU) concluded its settlement with the US Securities and Exchange Comission and the US Department of Justice which was made public on Monday following their investigations of violations of the Foreign Corrupt Practices Act.
Alcatel was said to have violated the Foreign Corrupt Practices Act prior to its 2006 merger with US-based Lucent Technologies.
According to reports, ALU agreed to pay US$137 million in fines and penalties to settle the charges after reaching an agreement with the US Justice Department and Securities and Exchange Commission.
The settlement cover activities in several countries in Africa, Latin America, Asia, including Malaysia.
The investigation in Malaysia covers events that occurred between October 2004 and February 2006 and involves alleged improper payments to TM employees, TM said.
In a separate statement, Axiata Group Bhd which was part of TM during the period the payment was allegedly made, said it views these potential allegations seriously and will investigate this matter.
"Although there was no specific mention of any contract relating to Axiata or its subsidiaries, there may be a potential indirect link as this matter allegedly occurred between October 2004 and February 2006 prior to the demerger of TM Group," it said.
Axiata said as a responsible corporate citizen, the company and its subsidiaries upholds the highest standards of integrity and ethical standards in all its dealings and does not condone or tolerate any breach of code of conduct by its employees, subsidiaries, partners or vendors.
- Bernama
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