MACC civil forfeiture application against Naza Quest Auto
KUALA LUMPUR, 21 June 2019 – With the recent announcement on civil forfeiture action to be filed against 41 individuals and entities by the Malaysian Anti-Corruption Commission (MACC) Chief Commissioner, Puan Latheefa Koya, Naza Quest Auto Sdn Bhd has been listed as one of those companies.
Naza Quest Auto Sdn Bhd a subsidiary of Naza Group, was the sole distributor for Chevrolet cars under an agreement with General Motors (GM) which ceased operation of distributing Chevrolet cars on 14 November 2018.
MACC’s civil forfeiture application filed against Naza Quest Auto Sdn Bhd is related to two transactions.Transaction 1 : RM105,000 on 17th December 2012 for the purchase of two Chevrolet cars and transaction 2 : for RM164,662 on 9th December 2013 for the purchase of two more Chevrolet cars.
The Naza Group will cooperate with the authorities to provide necessary assistance in relation to this matter.