In a bid to crack down on corruption, Malaysia's Youth and Sports Ministry will be signing a Memorandum of Understanding with the Malaysian Anti-Corruption Commission (MACC) so that all expenditure is directly monitored by the MACC, a government official said Monday.
Youth and Sports Minister Khairy Jamaluddin told local reporters that Minister in the Prime Minister's Department Paul Low Seng Kuan will lead the surveillance team which aims to ensure that expenditure made by the Youth and Sports Ministry was transparent, reports Xinhua.
"The ministry needs to be careful in managing its finances, for example development projects involve a lot of money and can reach millions of ringgit a year so the Memorandum of Understanding with the MACC will ensure there are no leakages or wastage involving money," he said.
He said the ministry's secretary-general will also be responsible for making sure all expenditure involving functions and sports events can be reduced in the future compared to previous years.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app