ANTI-BRIBERY AND CORRUPTION POLICY DECLARATION OF COMPLIANCE BY BUSINESS ASSOCIATE
In accordance with recent updates to the Malaysian Anti-Corruption Commission (MACC) Act 2009 and subsequent amendments under the MACC Amendment Act 2018, effective from May 4, 2018, it is now stipulated that a company, as well as its directors, controllers, officers, or partners within a corporate body, may be held liable for bribery activities, whether in giving or receiving. Conviction of such an offence is subject to penalties of no less than RM1,000,000 or up to 20 years imprisonment, or both.
Company Policy Statement
Recognizing the serious implications of the amended MACC Act, Adigo Ventures Sdn Bhd and all subsidiary companies (hereinafter referred to as “the Company”) have implemented a comprehensive Anti-Bribery and Anti-Corruption Policy. This policy applies uniformly to all business interactions, whether in the commercial (private) sector or with government (public) entities, encompassing engagements with clients, joint venture partners, service providers, contractors, consultants, subcontractors, suppliers, vendors, advisers, agents, distributors, representatives, and investors (collectively referred to as “Business Associates”).
Commitment to Integrity
In alignment with our commitment to uphold ethical standards and eliminate bribery and corruption, the Company mandates all Business Associates to formally agree to abstain from bribery and corruption in their dealings with the Company. Should any indication of bribery or corruption arise in a Business Associate’s dealings, the Company reserves the right to discontinue relations and seek alternative providers of goods or services.
Legal Compliance and Jurisdiction
This Declaration and its execution shall be governed under the jurisdiction of Malaysian law. The Company and the Business Associate hereby agree that any legal proceedings, actions, or suits arising from this Declaration shall fall under the exclusive jurisdiction of the Malaysian courts.