The company and Bai Guosen firmly denied the allegations and believed that the allegations were highly defamatory and seriously incorrect.
Southern Alliance Mining said in a statement that the company and Bai Guosen have never provided any funds to any unit to obtain mineral licenses through political corruption or bribery.
Southern Alliance Mining Ltd, SAM issued a statement denied allegations about the bribery scandal in Sabah mining.
Southern Alliance Mining issued a statement on Friday (July 4) saying that there were reports in Malaysia that the company's managing director Bai Guosen was suspected of funding corruption by providing bribes to whistleblowers and politicians in the Sabah mining industry to obtain a mineral exploration license in Sabah.
The company has issued a lawyer's letter for defamatory reports and reported the case to the police. The company also hires legal counsel to provide advice. If necessary, the Group and Bai Guosen will fully cooperate with any investigation agency.
The board of directors clarified that the group had no participation in the transactions mentioned in the report, and that the business and operations were not affected by the relevant allegations.
A Malaysian website published an article on Wednesday (July 2) and revealed the "Sabah Mining Scandal", saying that Singapore's wealthy businessman bribed Sabah UMNO leader was exposed. The New Straits Times published an article on Thursday (3rd), saying that a Singaporean businessman was behind the corruption case in Sabah and provided funds to multiple relevant stakeholders.