| Type | Announcement |
| Subject | FORMATION OF TM SUB-COMMITTEE AND APPOINTMENT OF ADVISORS |
| Contents | We refer to our announcement dated 29 December 2010 with respect to the Settlement Case of Alcatel Lucent (ALU) with the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DoJ) made public in the United States of America on 27 December 2010 allegedly linking TM to their findings. |
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On 29 December 2010, our Board approved the formation of a Board Sub-Committee of the Board Audit Committee (BAC) to conduct an independent and comprehensive internal investigation into the alleged improper payments to TM employees. The BAC Sub-Committee will submit their report and findings to the BAC for further guidance and the next course of action.
The BAC Sub-Committee is chaired by YM Tunku Dato’ Mahmood Fawzy bin Tunku Muhiyiddin, a member of TM Board. He is also a member of TM BAC and Chairman of TM Board Risk Committee. Other members of the BAC Sub-Committee are two senior management members of TM who were not involved in the procurement process during the period in question. As the period under investigation concerns the previous integrated TM Group, TM is working closely with Axiata Group Berhad (Axiata) to extend all necessary cooperation with the relevant parties and authorities. As such, TM and Axiata have today jointly decided to appoint the following external forensic accountants and legal advisor to assist in the said internal investigation:
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| Company Name | TELEKOM MALAYSIA BERHAD |
| Stock Name | TM |
| Date Announced | 3 Jan 2011 |
| Category | General Announcement |
| Reference No | TM-110103-59520 |