Petronas says Malaysian anti-graft probe discovered no wrongdoing by the agency

KUALA LUMPUR :Malaysia's state oil agency Petronas stated on Saturday an anti-corruption probe into the agency's dealings involving a $90 million venture had not discovered any wrongdoing by the corporate.

Malaysia's Anti-Corruption Fee (MACC) stated on Friday it was investigating allegations of corruption involving Petronas and a world oil and fuel firm in a venture price 399 million ringgit within the state of Sarawak. It didn’t determine the corporate.

Petronas stated the investigation was opened in relation to its award of a contract to a Malaysian subsidiary of a world upstream firm in 2021.

"Petronas had given full cooperation to MACC within the investigation that had not discovered any wrongdoing by Petronas, its workers, and administrators," the corporate stated in a press release to Reuters.

The MACC stated it had discovered "a number of weaknesses in practices, techniques and work procedures" in its probe, and proposed enhancements to Petronas' normal working procedures as preventive measures.

Petronas stated it continues to enhance and strengthen its normal working procedures as a part of an effort to stop and battle all types of corruption and misconduct.

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