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flag A Malaysian telecoms director is charged with offering an $1.8M bribe in 2012 to secure a $90M loan.

flag A former telecommunications company director in Malaysia, Ranjeet Singh Sidhu, 56, has been charged with offering an RM8 million bribe to a bank’s group managing director in 2012 to secure a RM400 million loan for a fibre optic project. flag He allegedly used a forged joint completion guarantee to meet loan conditions. flag Sidhu, arrested at MACC headquarters in Putrajaya, pleaded not guilty and was granted RM150,000 bail. flag The case, under Section 16(b)(A) of the MACC Act 2009 and Section 471 of the Penal Code, is ongoing, with a mention scheduled for March 30.

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