Petronas confirms executive arrested on corruption suspicions

Malaysia’s national energy company Petronas has confirmed that one of its junior level executives has been arrested by the Malaysian Anti-Corruption Commission (MACC) for suspected graft. The news underscores that the risk of corrupt practises remains high at Petronas.

Last year, nine Petronas employees were sacked following an internal probe into corruption that related to maintenance and service contracts between Petronas’ upstream subsidiary and a long-standing contractor, reported