TM Continues To Extend Full Cooperation With US DOJ On Former TM USA Employees

KUALA LUMPUR, May 20 (Bernama) -- Telekom Malaysia Bhd (TM) said it will continue to extend its full cooperation with the US Department of Justice (DOJ) concerning former employees of TM USA Inc. 

The telecommunications company said in a statement today that it had earlier initiated its own investigation pursuant to the suspicion of misconduct by the individuals, which led to their dismissal.

“Information from the investigation was then shared with the relevant authorities. The matter is currently under the purview of the DOJ and the US court,” it added.

TM said it upholds strict governance and compliance standards and does not tolerate any form of misconduct.

Meanwhile, in a filing with Bursa Malaysia today, TM said the matter has not caused any material disruption to the group's operations based on its current assessment, including TM USA's business activities in the United States.

“It is not expected to have any material impact on TM Group's financial position.

“TM has also undertaken immediate mitigation measures, including enhancements to internal controls and governance processes to mitigate recurrence risk,” it added.

-- BERNAMA