Anwar says company losses are not a crime — fraud, abuse and ‘sakau’ are another matter
Prime Minister Anwar Ibrahim used a function in Shah Alam on September 26 to argue that companies should not be criminalised simply for posting losses. A company losing money, he said, is not the same as a company breaking the law. Where enforcement has to bite, in his telling, is fraud and abuse of power. He also pointed to what he described as 'sakau' conduct, a different category altogether from honest commercial failure. The remarks land amid a running public debate over corporate collapses and accountability. Critics have long complained that failed firms escape too easily while workers and creditors absorb the damage. Anwar's framing points prosecutors toward intent and harm rather than balance sheets. The speech offered no concrete policy changes, so attention will shift to what regulators actually do next.
SHAH ALAM, Sept 26 — Companies should not be penalised simply because they make losses, but action should be taken...