| Type | Announcement |
| Subject | OTHERS |
| Description | TELEKOM MALAYSIA BERHAD (“TM”) : INTERNAL INVESTIGATION ON THE ALLEGED IMPROPER PAYMENTS BY ALCATEL LUCENT TO TM EMPLOYEES |
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We refer to our announcements dated 29 December 2010, 3 January 2011, 6 January 2011, 2 February 2011, 1 March 2011 and 23 March 2011 with respect to the Settlement entered into between Alcatel Lucent SA and the United States’ Securities and Exchange Commission and the Department of Justice (“DOJ”), the formation of the Board Audit Committee’s Sub-Committee of TM to conduct an independent internal investigation into the alleged improper payments to TM employees and the conclusion of the internal investigation and submission of the Report to the Malaysian Anti-Corruption Commission respectively as well as the additional information furnished following TM Board’s continuous evaluation of the said issue.
In view thereof, TM has decided to suspend Alcatel-Lucent SA and its group of companies (which include Alcatel-Lucent Malaysia Sdn Bhd) (hereby collectively referred to as “ALU”) from participating in ongoing and future tender and procurement proposals issued by TM and its wholly-owned subsidiaries (TM group of companies). The suspension is effective for a period of 12 months from 5 January 2011 and may be reviewed from time to time subject to ALU Group providing assurances and satisfactory evidence that it has implemented clear and enforceable policies and measures to prevent a recurrence of any improper acts in the future. Pursuant to the continuous review made on the above suspension, TM is satisfied with the compliance program instituted by ALU and believes it has implemented clear and enforceable policies and measures to prevent recurrence of any improper acts. Accordingly, TM Board has on 15 December 2011 approved that the suspension of ALU from participating in ongoing and future tender and procurement proposals issued by TM group of companies be lifted effective from 4 January 2012. This announcement is dated 16 December 2011. |
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| Company Name | TELEKOM MALAYSIA BERHAD |
| Stock Name | TM |
| Date Announced | 16 Dec 2011 |
| Category | General Announcement |
| Reference No | TM-111215-56831 |