Malaysian-based supplier RGB International has refuted that its subsidiary had any involvement in political funding for the nation’s general election.
In a filing with the Malaysian bourse (Bursa Malaysia), RGB notes that its wholly-owned subsidiary RGB Sdn. Bhd. was recently cited in a news article claiming that it had been raided by the Malaysian Anti-Corruption Commission (MACC).
RGB International notes that the company ‘only does outright sales of gaming machines and its accessories and has no involvement or ownership in Malaysia’s slot clubs’.
The company further states that it ‘had not and will not condone any forms of “political funding”’, and that the group is ‘offering their full cooperation’ to the MACC investigation.
The company notes that its directors ‘have no link to any politician in the country’.
The article, published by Sabahkini2 claims that the CEO and directors of the RGB subsidiary had allegedly been arrested by the MACC.
RGB further declared that it and its subsidiaries ‘are highly regulated in the jurisdictions where the group operates’ and ‘adopts a zero-tolerance approach towards bribery and corruption’.
It notes that ‘if any parties deviate from the Company’s zero-tolerance approach, the Company will take necessary action to protect the interest of its shareholders and all relevant stakeholders’.
The company did not indicate if it would take any legal action over the article.