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Monday, February 21, 2000
NEC denies involvement in Mitsui-Telekom Malaysia kickbacks
"Neither NEC Corp nor PERNEC Corp is involved in anyway in these allegations of kickbacks," said Ken Fukuchi, Senior Manager of the NEC PR Division when contacted today.
PERNEC is a Malaysian-based joint-venture between NEC and local investment entities Permodalan Nasional Bhd (PNB) and Perbadanan Nasional Bhd (PERNAS) that supplies telephone switching equipment to Telekom Malaysia.
NEC was mentioned in an Asahi Shimbun report last Friday as part of a syndicate with Mitsui that won the suspect contract, beating European rivals in the bid to supply 800,000 circuits to the Malaysian telco.
The Japanese newspaper alleged Mitsui paid about 300 million yen (US$2.8 million) in kickbacks to Telekom Malaysia through a "dummy" company as an inducement.
The case is under investigation by Malaysian authorities via its Anti-Corruption Agency.
Both Mitsui and Telekom Malaysia have reportedly denied wrong-doing.
NEC's Fukuchi confirmed the company had not been approached by Malaysian authorities concerning the matter.
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