AXIATA GROUP BERHAD ("AXIATA") - FORMATION OF BOARD SUB-COMMITTEE
Announcement Details/Table Section :
We refer to our announcements dated 3 and 6 January 2011 with respect to the Settlement entered into between Alcatel Lucent and the U.S. Securities and Exchange Commission and the Department of Justice and the formation of a Board Sub-Committee to conduct an independent investigation.
We would like to inform that we have concluded the internal investigation which commenced on 4 January 2011. Investigations by KPMG Corporate Services Sdn. Bhd. (Forensic Accountants) and Shearn Delamore & Co (Legal Advisor) were performed as exhaustively as possible within the constraints of information made available by third parties.
In line with good corporate governance practice, the report of the findings, upon completion, will be tabled to the Board of Directors and handed over to the Malaysian Anti-Corruption Commission (MACC) by the end of February 2011. Axiata will continue to co-operate with MACC in their ongoing investigation relating to this case.
