November 19, 2018
Media Statement - RE. MACC Assistance
Media Statement by AIAC
RE. MACC Assistance
5.00pm – 19 November 2018
“The Asian International Arbitration Centre confirms that we have been visited by and are working closely with the Malaysian Anti-Corruption Commission (MACC). The MACC are following up on an anonymous letter circulated last month about contract renewals of our management.
The AIAC as a responsible organisation has zero tolerance with regards to any corrupt practices and will extend all co-operation to any Government agencies including in this case the MACC, in verifying facts or clarifying matters in any enquiries.
While the contents of the letter are spurious and erroneous, we will none-the-less assist the MACC in any way we can to clear-up this matter, as we fully believe it will be, bringing this matter to a close.
We will update all stakeholders as and when new information becomes available and when appropriate to do so.”
Established in 1978, the Centre was the first arbitration centre in Asia to be established under the AALCO, an international organisation comprising 47 member states from across the region. The Centre was first set up to provide institutional support as an independent and neutral venue for arbitration proceedings in Asia. Currently, it stands alongside only four other regional centres located in Egypt, Nigeria, Iran and Kenya. Further information on the Centre can be obtained from http://www.aiac.world