Telekom Malaysia (TM) has said it will continue to fully cooperate with the United States Department of Justice (DOJ) following allegations involving former senior executives of its US subsidiary who are accused of misappropriating more than US$20 million.
In a statement, the telecommunications company said it had earlier initiated its own internal investigation after suspecting misconduct by the individuals involved, which subsequently led to their dismissal.
Information gathered from the internal probe was later shared with the relevant authorities, while the matter is now under the jurisdiction of the DOJ and US courts, TM said.
The company also stressed that it adheres to strict governance and compliance standards and does not tolerate any form of wrongdoing.
Previously, three former senior executives of TM’s subsidiary in the United States were charged in court over the alleged embezzlement of more than US$20 million from the Malaysian-linked telecommunications firm.
According to the DOJ, the accused — identified as Mohd Hafiz Lockman, Mohd Yuzaimi Yusof, and Khanh Thuong Nguyen — were senior executives at the US-based subsidiary.
They are alleged to have used false statements and forged records to divert company funds and mislead business partners, suppliers, auditors, and supervisors in various incidents between July 2020 and February 2026.
