By NG MIN SHEN
DRB-Hicom Bhd confirmed that the Malaysian Anti-Corruption Commission (MACC) has launched a probe on its subsidiary, DRB-Hicom Defence Technologies Sdn Bhd (Deftech).
“We wish to refer to the media report relating to Deftech, a subsidiary of DRB-Hicom, on the investigation connected to Deftech by the MACC.
“DRB-Hicom wishes to confirm the media report,” the conglomerate said in a statement yesterday.
DRB-Hicom also assured that it will extend full cooperation to the authorities during the investigation process.
Media reports emerged yesterday on the detention of two top executives of Deftech on allegations of graft in a RM17 million defence contract.
The duo were remanded for four days to facilitate investigations on alleged discrepancies in contracts to supply equipment for the Deftech AV8 Gempita and ACV-300 Adnan armoured combat vehicles to a defence agency between 2014 and 2017.
Deftech is a premier defence company involved in designing, developing, manufacturing and supplying armoured and logistics vehicles to the military, homeland security, hospital and transportation sector.
Its long-term strategy is to develop an indigenous land combat system, as well as an airborne surveillance, control and combat system through strategic collaborations with various stakeholders.
In doing so, Deftech aims to become Malaysia’s best and most comprehensive defence contractor.
CTRM Aviation Sdn Bhd, a subsidiary of Deftech, supplies composite aero-structures to top global aerospace companies and aircraft manufacturers.
With five other subsidiary companies under its wing, CTRM’s expertise spans the commercial and military aerospace-and-non aerospace, general aviation and defence industries.