KUALA LUMPUR (Oct 1): RGB International Bhd (KL:RGB) said the Malaysian Anti-Corruption Commission’s (MACC) investigation into the company and its managing director Datuk Seri Chuah Kim Seah has been "completed and resolved".
This comes one year after the graft buster investigated the Penang-based gaming solutions provider's involvement in the sale of machines to Malaysia’s slot clubs, as well as Chuah's private business related to those clubs.
"The matter has been completed and resolved, with no further action on the part of authorities," RGB said in a filing with the local stock exchange on Tuesday.
RGB also emphasised its commitment to a zero-tolerance policy towards bribery and corruption and upholding the highest compliance standards as outlined in the group's anti-bribery and corruption policy.
RGB came under the spotlight at the end of August last year, when 13 individuals, including one with the title of Tan Sri, were reportedly arrested by the MACC on suspicion of being involved in the ownership of companies that supplied gambling slot machines.
These individuals allegedly received funds from companies licensed to operate slot machine activities in private clubs owned by them. The funds were purportedly used to finance campaigns during the 14th and 15th general elections, as well as last year's state elections.
RGB then confirmed that Chuah was arrested by the MACC but has since been released on bail and is cooperating with the commission. The company also clarified that its independent non-executive director Tan Sri Norazman Hamidun was not arrested.
RGB then reiterated that the group only undertakes the outright sale of gaming machines and has no involvement or ownership in slot clubs in the country. The company refuted any involvement in political funding.
Shares in RGB fell by half a sen, or 1.33%, to close at 38 sen on Tuesday, giving the company a market capitalisation of RM569.52 million.