Corporate crimes in Malaysia: a profile analysis

Abstract

Purpose

Corporate crimes in Malaysia are increasing each year. These issues are bothersome to the investors, creditors and the public as a whole because of the huge impact on all of them. Employees lose their jobs, investors do not get optimal return on their investments and creditors are unable to get their payments, and as a result, the public lose their faith on the legislation. The purpose of this study is to analyze the cases charged under Securities Commission and Bank Negara Malaysia.

Design/methodology/approach

This study analyzes the cases in Securities Commission and Bank Negara under four criteria which are the corporate profiles, details on crime committed, perpetrators profile and, finally, the offence.

Findings

The findings show that top-level management, especially the directors, usually commit such crime and many of them are male.

Originality/value

This study looks into the criteria of the cases charged under both institutions, Securities Commission and Bank Negara, which can be used to create awareness among the organizations in Malaysia.

Citation

Omar, N., Said, R. and Johari, Z.‘. (2016), "Corporate crimes in Malaysia: a profile analysis", Journal of Financial Crime, Vol. 23 No. 2, pp. 257-272. https://doi.org/10.1108/JFC-05-2014-0020