$YTL (4677.MY)$ YTL Power International Bhd (KL:[Share Link:...

$YTL (4677.MY)$ YTL Power International Bhd (KL:YTLPOWR) is “seeking legal advice regarding potential steps” against unnamed parties that it said are spreading accusations of misconduct by the company in the 1Bestarinet project currently under investigation. In a statement, YTL Power said its 60%-owned YTL Communications Sdn Bhd, which was involved in the project, will continue to provide full cooperation to the Malaysian Anti-Corruption Commission on the investigations. “To the best of our knowledge, we have not breached any contractual terms, nor violated any laws,” the company also clarified, referring to the contract won by the group in November 2011 to provide internet access and virtual learning system in up to 10,000 schools. — YTL Power mulls action over 1Bestarinet ‘accusations by irresponsible parties’, says ‘committed to transparency’ in MAC