SunCon says employee under investigation by MACC
According to the statement, the inquiry was specifically in relation to the employee's engagements with certain subcontractors.
"SunCon wishes to clarify that this isolated investigation does not concern the way SunCon Group secures contracts from its clients."
It added that the investigation has no financial and operational impact on the SunCon group.
Meanwhile, SunCon said it will refrain from further comment due to the inquiry falling under the jurisdiction of the MACC.
The company said it is in full cooperation with the MACC in its investigation, and is seeking legal counsel to evaluate the appropriate actions to be taken on certain sub-contracts and parties.
"SunCon affirms its unwavering commitment to the highest standards of integrity and transparency across SunCon Group's operations.
"We maintain a zero-tolerance policy towards bribery, corruption, and any practices that compromise ethical conduct," it added.
Shares in the construction firm fell as much as 17.56% or RM1.05 in intra-morning trade to RM4.93 a share.
As at the lunch break, the share had retraced some losses to RM5.18 a piece, 66 sen or 13.38% off the previous day's closing price.
Bursa Malaysia had earlier announced that intraday short-selling (IDSS) of SunCon's shares has been suspended for the remainder of the day following a drop of more than 15% in its share value.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Free Malaysia Today
an hour ago
- Free Malaysia Today
Cops nabbed over alleged RM110,000 bribe to shield drug activities
Pahang MACC director Shukor Mahmud confirmed the arrests of four men when contacted. PETALING JAYA : The Malaysian Anti-Corruption Commission (MACC) in Pahang has arrested two senior police officers and a retired officer for allegedly soliciting and receiving RM110,000 in bribes to protect drug and ketum distribution activities in the state. Bernama reported that a source said the three men were arrested at around 8.30pm yesterday after arriving at MACC's Temerloh branch to provide statements. A fourth suspect was arrested earlier. MACC believes all four colluded in the illegal activity from 2022 to 2024. 'One of the suspects is believed to have received monthly bribes amounting to between RM4,000 and RM5,000 through bank transfers into his personal account, which he then distributed to others,' the source said. One of the suspects had been released on MACC bail after his statement was recorded. The remaining three are currently under a seven-day remand order until Aug 4. Pahang MACC director Shukor Mahmud confirmed the arrests when contacted.
![[UPDATED] Three senior cops remanded over bribes to shield Pahang drug, ketum operations [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FTigaRasuah_29.07.2025_NSTfield_image_socialmedia.var_1753765982.jpg&w=3840&q=100)
![[UPDATED] Three senior cops remanded over bribes to shield Pahang drug, ketum operations [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
an hour ago
- New Straits Times
[UPDATED] Three senior cops remanded over bribes to shield Pahang drug, ketum operations [WATCH]
TEMERLOH: Three senior police officers, including a retired officer, have been remanded for seven days to assist in investigations into allegations of pocketing bribes totalling RM110,000 to protect drug and ketum juice distribution activities across Pahang. The suspects, aged between 30 and 50, were remanded until Aug 4 following an application by the Malaysian Anti-Corruption Commission (MACC) at the Temerloh magistrate's court today. Magistrate Tan Chiew King granted the remand order at 10am today. According to a source, the trio were detained around 8.30pm yesterday when they arrived at the MACC Temerloh branch office to provide their statements. "MACC's investigations led to the arrest of four suspects, all of whom are believed to have conspired to solicit and accept bribes between 2022 and 2024. "One of them is believed to have received monthly bribes amounting to between RM4,000 and RM5,000 through bank transfers into his account. The money was later distributed to the other three suspects through their respective personal bank accounts," the source said. Meanwhile, Pahang MACC director Mohd Shukor Mahmud confirmed the arrests, saying that the case is being investigated under Section 16(a)(B) of the MACC Act 2009 for soliciting a bribe. He said the fourth suspect has been released on MACC bail after providing his statement to the agency. Under Section 16(a)(B), offernders face a maximum jail term of 20 years and a fine of RM10,000, or five times the value of the bribe, whichever is higher, if convicted.
Borneo Post
2 hours ago
- Borneo Post
Kota Belud MP urges unbiased action on Sabah corruption revelations
Isnaraissah KOTA KINABALU (July 29): Kota Belud Member of Parliament Isnaraissah Munirah Majilis has called for impartial and immediate investigations into all allegations of corruption, regardless of the individuals involved. Speaking on Tuesday, Isnaraissah emphasised that any case, exposure, or allegation should be met with swift action from the authorities. 'Whoever it is, investigate immediately,' she urged. She expressed her full support for the government's anti-corruption efforts, stressing that such action must be taken against offenders at all levels regardless of rank, race, religion or political affiliation. 'Investigations and prosecutions must be carried out promptly and, most importantly, without bias or favouritism,' she said. While debating the Whistleblower Protection Bill last week, Isnaraissah highlighted four critical points: 1. All whistleblowers must be protected. 2. All individuals involved in corruption must be investigated. 3. Investigations must be swift and non-discriminatory. 4. The Malaysian Anti-Corruption Commission (MACC) should be placed under Parliament for independent oversight. Referring to past cases involving Sabah State Assembly members, Isnaraissah expressed concern over the manner in which the MACC and Attorney General's Chambers (AGC) handled the investigations. 'Whether we like it or not, the way these cases have been managed has tarnished the image of a government that claims to prioritise anti-corruption and good governance,' she said. She noted that eight months after Malaysiakini first exposed a corruption scandal involving video evidence, only two state assembly members and a businessman had been charged in court. 'This raises a serious question — why only these three? Why is there silence on the others shown in the video? If there's insufficient evidence, just say so. Or is this issue being used as a tool to pressure or threaten the state leadership?' she asked. Isnaraissah also referred to a second wave of exposes by Malaysiakini — dubbed 'Series 2' — that implicate several political leaders in Sabah, potentially affecting nearly the entire state government. 'True or not, this is humiliating for us Sabahans. It makes it look like Sabah is a haven for corrupt individuals. If proven true, it suggests the entire current state leadership is compromised,' she said. Rather than allowing Sabah's name to be repeatedly tarnished in the media, Isnaraissah urged those implicated to take legal action. 'Don't just deny it. Take action against Malaysiakini if the claims are defamatory. Your dignity is on the line — why remain silent?' she challenged. She also questioned the MACC's inaction regarding the new revelations. 'Has the MACC launched an investigation into this new expose? Why hasn't there been a single official statement? What more are you waiting for?' she said. Touching on another controversy involving Sabah's mineral resources, Isnaraissah alleged that top state leaders and a powerful Peninsular Malaysia figure were involved. 'People are asking — who is this person that seems immune from investigation? Initially, he denied involvement, but after evidence surfaced, he avoided the media,' she claimed. 'From every direction — land, sea, left, right — Sabah's resources are being plundered. And what do the people of Sabah get in return?' she asked. Next Article Joniston applauds formation of Tawau Tourism Working Group
