Ida Lim, The Malaysian Insider
The Companies Commission of Malaysia (CCM) plans to bring charges against the operating entity of Suara Rakyat Malaysia (Suaram) for its “misleading accounts”, the Domestic Trade, Co-operatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said.
“We will take legal action on Suara Inisiatif based on accounts that was reported to us... there are misleading elements in accounts,” he told reporters today.
He declined to reveal the specific clause in the Companies Act 1965 that will be used to bring charges against Suara Inisiatif within the next two days, saying that the Attorney-General will decide on the charge.
Ismail (picture) said the CCM was not bringing charges against Suara Inisiatif for receiving foreign funds.
“In one year, we investigate over 200 cases, Suara Inisiatif is one of them... not because we have personal problems with Suara Inisiatif,” he said.
He was responding to questions on whether SSM carried out similar investigations on other registered companies.
Ismail added that the other five government agencies involved in the probe have agreed to take action based on existing legal provisions.
He said the CCM’s scope of investigation is based on five sections in the Companies Act — sections 364 (2), 166A (3), 169 (14), 167 (1), 167 (2), 132 (1).