PUTRAJAYA: It is normal to ask for an “offset” in business dealings provided the money is not taken for personal use, says the Prime Minister. In business, an offset is when losses in one business are made up for by increases in another, or when payments due and owed are used to cancel each other in accounting. The Prime Minister was commenting on media reports over allegations of corruption involving AirAsia and Airbus. The Malaysian Anti-Corruption Commission (MACC) and the Securities Commission have opened investigations into these corruption allegations, with the MACC saying it is in touch with the UK authorities. The Securities Commission said it will look into the allegations and review all available evidence to determine if AirAsia and AirAsia X have breached any securities laws.

Source: The Star February 06, 2020 05:03 UTC