Anti-Bribery and Corruption Policy Statement

Terengganu Inc Group is committed to acting professionally, fairly, and with integrity in all its business dealings and relationships wherever it operates, and in implementing and enforcing effective systems to counter bribery and corruption. Both bribery and corruption are punishable offenses under the Malaysian Anti-Corruption and Commission Act 2009 and its amendments.

The Group adopts a “Zero Tolerance” approach against all forms of bribery and corruption.

All directors and employees must not offer, promise, give, solicit, or accept any bribe and/or other improper gratifications in order to achieve any business or personal advantage for themselves or others or engage in any transaction that contravenes any applicable anti-bribery or anti-corruption laws.

The Group holds a “No Gift” Policy, although certain exceptions are allowed.

Dealing with third parties including clients, joint venture partners, outsourcing providers, contractors, consultants, suppliers, vendors, advisors, agents, distributors, and representatives must be carried out in compliance with all relevant laws and must be consistent with the values and principles of the Group’s Code of Business Ethics (“COBE”).

The Group encourages its employees or other stakeholders to make any disclosures openly and honestly, and that concerns or complaints raised will be treated fairly and properly.


Corporate Liability Provision

Following Section 17A of the Malaysian Anti-Corruption Commission Act 2009, TI would like to share its understanding of the Corporate Liability Provision which was enforced on 1 June 2020. This is especially relevant as any corrupt act committed by employees, vendors or partners can cause TI to be prosecuted and punished. Below is information that clearly explains what it is, and the steps needed to be taken to ensure that corruption is prevented.

Things You Need To Know

Entails any new law provisions from Section 17A of Malaysian Anti-Corruption Commission Act 2009 (MACC Act 2009) and any provisions approved by Parliament on 5 April 2018.​​

Enforced as of 1 June 2020.​​

Any officer/employee and partner who is part of a commercial organisation and commits a corrupt act on behalf of their commercial organisation.​

If a person associated with a commercial organisation corruptly gives/agrees to give/promises to offer any gratification for the purpose of obtaining/retaining business or advantage in business conduct.​

The fine is not less than ten times value of the gratification or RM1.0 Million (whichever is higher), or, imprisonment of not more than maximum of 20 years, or, both.

Integrity Highlights

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Terengganu Inc
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Terengganu Inc
Protect Terengganu Inc

If you are aware of any misconduct, please contact:

Head of Compliance and Integrity at Wisma TI, 21080 Kuala Terengganu, Terengganu