Financial Consulting Company Under Investigation for Corruption and Money Laundering

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Financial Consulting Company Under Investigation for Corruption and Money Laundering
CORRUPTIONMONEY LAUNDERINGMALAYSIA
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A school in Malaysia is under investigation by the Malaysian Anti-Corruption Commission (MACC) for allegedly receiving funds from a financial consulting company suspected of engaging in corruption and money laundering. The company, which presents its activities as corporate social responsibility initiatives, is accused of offering donations, conducting surveys, and providing financial management workshops to gain access to schools and exploit the financial needs of their staff.

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This action violates regulations set by the Ministry of Education , which has since launched an investigation into the matter. The source revealed that the syndicate is exploiting the financial needs of schools, particularly in rural areas, to gain access under the guise of offering financial knowledge. They claim to offer financial freedom workshops and, similar to a CSR programme, promise at least RM1,000 in funds for the school.

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CORRUPTION MONEY LAUNDERING MALAYSIA EDUCATION FINANCIAL INSTITUTIONS

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