The Untouchables at Khazanah, TM and Axiata-Part 1
The version of the story does NOT match the internal notes we have. Are we going to see similar statements coming from Khazanah, TM and Axiata?
From October 2004 to February 2006, Alcatel bribed government officials in Malaysia to obtain confidential information relating to a public tender that Alcatel ultimately won, the result of which yielded a telecommunications contract valued at approximately US$85 million. It was also reported that the TM employees who received bribes were "foreign officials" within the meaning of the US Foreign Corrupt Practices Act and "were in a significant position to influence the policy decisions Telekom Malaysia made." It added the Basel-based Alcatel Standard made significant lump-sum payments through US bank accounts to two consultants labeled "Malaysian Consultant A" and "Malaysian Consultant B", purportedly for market research. "Alcatel Standard paid US$200,000 to Malaysian Consultant A in 2005 for a series of 'market reports' describing conditions in the Malaysian telecommunications market. Similarly, Alcatel Standard paid US$500,000 to Malaysian Consultant B in 2005 for a 'strategic intelligence report'. "However, the work product these consultants prepared could not justify the size of Alcatel Standard's payments. In fact, Malaysian Consultant A and Malaysian Consultant B did not appear to render any legitimate services to Alcatel Malaysia in connection with these
