Minister: Putrajaya targets 2027 for anti-rent seeking law
KUALA LUMPUR, Oct 14 — The government is working to table a Bill that would criminalise rent-seeking by 2027, Econ...
The Malaysian government plans to introduce legislation by 2027 to criminalize rent-seeking, Economy Minister Akmal Nasrullah Mohd Nasir announced in Parliament. The proposed law, known as "anti-rent seeking" or "Anti-Ali Baba," could be a new law or amendments to existing provisions, depending on the outcome of stakeholder consultations.
The government aims to eradicate the practice of subletting or renting out government-issued permits and licenses, which has been prevalent under Barisan Nasional rule. Akmal said the ministry is considering a wide range of penalties, including fines and imprisonment, but the specifics will be determined after gathering all viewpoints, including legal perspectives.
The plan was first announced by Prime Minister Anwar Ibrahim in July 2023 following a meeting of the National Economic Action Council.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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