KUALA LUMPUR, June 4 — The Investment, Trade and Industry Ministry (Miti) will conduct an investigation following a report that the United States had sanctioned a Malaysian semiconductor-related company.
Finance Minister II Datuk Seri Amir Hamzah Azizan said Miti, as the coordinating agency, must study the matter as the firm was among 300 entities slapped with sanctions by the United States.
“It is better for Miti to fathom the issue and find out if it actually happened,” he told the media here today.
Al Jazeera reported a Malaysia-based semiconductor maker, Jatronics Sdn Bhd, was among nearly 300 entities Washington had sanctioned last month over their alleged links to Russia’s military suppliers.
Amir Hamzah said the Malaysian company is not a semiconductor producer, but a trading firm that sells semiconductor-related hardware.
“Malaysia is an open economy, but we want to do business the right way. Let the investigation be conducted and we will look at the findings. The important thing is, Malaysia will not tolerate it if something bad is going on,” he said.
— Bernama
