{"id":777008755,"date":"2023-08-29T06:50:51","date_gmt":"2023-08-29T09:50:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008755"},"modified":"2026-04-22T18:36:17","modified_gmt":"2026-04-22T21:36:17","slug":"rgb-international-refutes-political-funding-claims-in-malaysia","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/rgb-international-refutes-political-funding-claims-in-malaysia","title":{"rendered":"RGB International refutes political funding claims in Malaysia"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">RGB claims that it does not condone any form of political funding.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Malaysia.-\u00a0<strong>RGB International<\/strong>\u00a0has denied its subsidiaries&#8217; alleged involvement in funding political figures in Malaysia. The filing to Bursa Malaysia comes after media reported that certain political leaders were being investigated by the country&#8217;s anti-corruption agency for purportedly receiving funds from gambling companies ahead of state elections.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the statement released on Monday (August 28), RGB International stated said &#8220;it had not and will not condone any forms of \u2018political funding\u2019.&#8221; The company said its subsidiary, RGB Sdn Bhd, solely engages in the sale of gaming machines and accessories, and has no connections to the ownership of slots clubs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It pledged full cooperation with the ongoing investigation conducted by\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/malaysia-cap-urges-macc-to-continue-to-probe-politicians-roles-in-illegal-gambling\" target=\"_blank\">the Malaysian Anti-Corruption Commission<\/a>\u00a0into the alleged political funding by gambling entities and stressed its adherence to regulations in the regions it operates. It said it implemented an &#8220;Anti-Bribery &amp; Corruption Policy&#8221; in 2015 to reinforce its zero-tolerance approach.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/rgb-international-net-profit-up-515-in-q2\" target=\"_blank\">RGB International<\/a><strong>\u00a0<\/strong>reported net profit of RM42m (US$9m) for the second quarter, up\u00a0<strong>515 per cent<\/strong>\u00a0year-on-year. Revenue grew 563 per cent to RM334m (US$72m).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RGB claims that it does not condone any form of political funding.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"RGB International has publicly denied allegations of its subsidiaries funding Malaysian political figures, filing a statement with Bursa Malaysia following media reports of an anti-corruption investigation into gambling entities. The company, a B2B supplier of gaming machines, affirmed its strict Anti-Bribery & Corruption Policy and pledged full cooperation with the Malaysian Anti-Corruption Commission, while also reporting robust Q2 financial performance.","focusai_entities":"RGB International, RGB Sdn Bhd, Bursa Malaysia, Malaysian Anti-Corruption Commission","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.95), operator_casino (0.7), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"MACC Investigation Scope","query":"What is the specific scope of the Malaysian Anti-Corruption Commission's investigation, and how might it impact other B2B or B2C licensed entities operating within the Malaysian gaming vertical?"},{"label":"Governance Framework Efficacy","query":"How does RGB International's 'Anti-Bribery & Corruption Policy' align with international best practices for corporate governance, and what independent verification mechanisms are in place to ensure its efficacy in preventing illicit political funding?"}],"footnotes":""},"categories":[157,16333],"tags":[23853],"class_list":["post-777008755","post","type-post","status-publish","format-standard","hentry","category-business-news","category-south-east-asia-news","tag-rgb-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777008755"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008755\/revisions"}],"predecessor-version":[{"id":777008788,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008755\/revisions\/777008788"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}