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Accused of providing incorrect information on government requirements. The company denies doing anything wrong.
Published:,
Malaysia’s anti-corruption agency has launched an investigation into the oil services company Aker Solutions after it entered into an agreement with the state energy company Petronas.
Inform Reuters three sources with knowledge of the case. Neither the anti-corruption agency nor Petronas have commented on the information to the news agency.
The anti-corruption agency is investigating whether Aker Solutions has provided false information about the ownership of one of its Malaysian departments to win contracts with Petronas, according to sources.
According to Reuters, Malaysia has a quota system, where a large portion of state-owned companies’ contracts are reserved for ethnic Malays and indigenous peoples.
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The company believes they have done nothing wrong
Aker Solutions writes in a statement to E24 that they do not believe they have done anything wrong and that the company’s subsidiaries in Malaysia have, to the best of their knowledge, met all the required requirements.
The company’s stake falls 4.76 percent on the Oslo Stock Exchange on Tuesday morning. The drop has intensified since the news broke.
“Documentation and information on the company structure, including ethnic quota requirements, has been provided in all concrete renewal processes to verify that companies are meeting the requirements of Petrona’s contracts,” wrote Aker Solutions in the release.
The company explains that the contracts were renewed in 2017 after clarifying meetings with the authorities, and that the last contract renewal was carried out at the beginning of the summer of this year.
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I got access to the offices
“Aker Solutions is always committed to cooperating with the local authorities of the countries in which we operate. This includes answering questions from the authorities, as well as the company seeking advice, or providing input to the authorities in cases where the company has relevant information or interests, ”the company writes.
In Malaysia, the company communicates with various government agencies, including the Anti-Corruption Agency (MACC).
“The information that has been provided to MACC includes information on the organization and structure of the company, and they have also been given access to the Aker Solutions offices in Kuala Lumpur,” the company writes.
According to Reuters, the MACC contacted the Norwegian authorities in June to request assistance and question witnesses in Norway, but this should have been impossible to carry out due to the situation in the crown.
