{"id":777019602,"date":"2024-10-03T09:55:49","date_gmt":"2024-10-03T12:55:49","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777019602"},"modified":"2026-04-22T05:33:00","modified_gmt":"2026-04-22T08:33:00","slug":"no-further-action-in-rgb-international-bribery-case","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/no-further-action-in-rgb-international-bribery-case","title":{"rendered":"No further action in RGB International bribery case"},"content":{"rendered":"\n

RGB has said the case has been resolved.<\/p>\n\n\n\n\n\n\n\n

Malaysia.- RGB International<\/strong> (RGBI) has reported through a company filing that its managing director,\u00a0Dato\u2019 Seri Chuah Kim Seah<\/strong>, faces no further action by authorities in Malaysia in connection to a political bribery scandal. It says the matter has been resolved.<\/p>\n\n\n\n

Last year, media reported that certain political leaders were being investigated by Malaysia\u2019s Anti-Corruption Commission<\/a> for purportedly receiving funds from gambling companies ahead of state elections. RGBI refuted the claims<\/a> and pledged full cooperation with the investigation. It also stated that Chuah Kim Seah <\/strong>was also fully cooperating with Malaysian authorities.<\/p>\n\n\n\n

In its recent filing, RGB said: “The group adopts a zero-tolerance approach towards bribery or corruption and upholds the highest standard of compliance as set out in the group’s anti-bribery and corruption policy.”<\/p>\n\n\n\n

RGB International posts revenue of US$22.66m for Q2<\/h2>\n\n\n\n

RGBI shared its financial results for the first quarter of the year. Revenue was MYR99.6m (US$22.66m), down 52.6 per cent sequentially<\/a> and down 70.2 per cent year-on-year.<\/p>\n\n\n\n

The company reported a profit attributable to shareholders of MYR18.9m (US$4.3m), down 28.8 per cent compared to last year. The company\u2019s earnings before interest, taxation, depreciation, and amortisation (EBITDA) declined by 24.7 per cent year-on-year to MYR31.2m (US$7.10m).<\/p>\n\n\n\n

Some MYR67.9m (US$15.45m) came from sales and marketing of products, down 77.7 per cent from the same period last year. The sales and marketing segment\u2019s performance in the three months was down year-on-year due to a bulk sale recorded in last year\u2019s corresponding quarter.<\/p>\n\n\n\n

Revenue from the technical support and management segment for the period increased by 2.5 per cent year-on-year to MYR29.8m (US$6.78m). Revenue from engineering services remained unchanged at MYR695,000 (US$158,000).<\/p>\n","protected":false},"excerpt":{"rendered":"

RGB has said the case has been resolved.<\/p>\n","protected":false},"author":176,"featured_media":22269,"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 (RGBI) has announced the resolution of a political bribery investigation involving its managing director, Dato\u2019 Seri Chuah Kim Seah, with no further action by Malaysian authorities. Concurrently, RGBI reported a significant decline in Q2 revenue to US$22.66m, down 70.2% year-on-year, and a 24.7% decrease in EBITDA, primarily due to reduced sales and marketing segment performance.","focusai_entities":"RGB International, RGBI, Dato\u2019 Seri Chuah Kim Seah, Malaysia\u2019s Anti-Corruption Commission","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.9), operator_casino (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"RGBI Governance Enhancements?","query":"What specific internal controls or governance enhancements has RGBI implemented post-investigation to reinforce its anti-bribery and corruption policy and mitigate future compliance risks?"},{"label":"Q2 Financial Impact?","query":"How will the significant Q2 financial performance decline, particularly in the sales and marketing segment, impact RGBI's full-year guidance, capital allocation strategy, and competitive positioning within the B2B gaming supply sector?"}],"footnotes":""},"categories":[157,16333],"tags":[23853],"class_list":["post-777019602","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/777019602","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=777019602"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019602\/revisions"}],"predecessor-version":[{"id":777019618,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019602\/revisions\/777019618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22269"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777019602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}