How will Ibraco update investors on the case developments?

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Ibraco will provide updates to Bursa Malaysia on the case as developments occur.

Ibraco Bhd has stated that it will inform Bursa Malaysia Securities Bhd of any further developments concerning the remand of its managing director. The company has clarified its non-involvement in the alleged improper payment claims.
Company Confirmation of Non-Involvement

Ibraco has officially stated that neither it nor its group of companies have any direct or indirect involvement in the 'Jiwa Murni' rural road projects. The company also confirmed that it has never received any form of benefit from these projects. This clarification addresses the alleged improper payment claims linked to projects dating back to 2010.
Commitment to Bursa Malaysia Announcements

The property developer has committed to making necessary announcements to Bursa Malaysia Securities Bhd. These updates will be provided as and when further developments regarding the case emerge. This ensures transparency with the stock exchange and its investors.
Managing Director's Remand by MACC

The company's statement comes after the remand of its managing director by the Malaysian Anti-Corruption Commission (MACC). The remand is reportedly linked to alleged improper payment claims connected to the 'Jiwa Murni' projects in Sarawak. Ibraco has stressed that the managing director's situation is separate from the company's operations.

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How will Ibraco update investors on the case developments?

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