We refer to the announcement made by the Company on 23 July 2018 in relation to certain news articles regarding an investigation by the Central Bureau of Investigation of India involving, inter alia, Bumi Armada Berhad ("BAB") and Bumi Armada Navigation Sdn Bhd ("BAN"), a subsidiary of BAB.

It has come to the knowledge of BAB and BAN that they have been named in prosecutions initiated by the Indian Central Bureau of Investigation ("CBI") and the Indian Enforcement Directorate ("ED") with the Trial Court at Rouse Avenue, New Delhi, India.

The respective prosecutions have been initiated against Palaniappan Chidambaram ("P. Chidambaram"), the former Finance Minister of India, his son Karti Chidambaram ("K. Chidambaram"), Chess Management Services Pvt Ltd ("Chess") a company allegedly controlled by K. Chidambaram, and several other corporations and individuals based in India and Malaysia, including BAB and BAN. The prosecution alleges, inter alia, that in the year 2006, P. Chidambaram illegally granted Foreign Investment Promotion Board approval for an indirect investment into Aircel Limited by Maxis Communications Berhad, and that as quid pro quo (in relation to those charges relating to BAB and BAN), BAB and BAN had, between 2007 to 2009, allegedly remitted approximately USD92,000 and USD12,000 respectively to Chess, which was allegedly illegal gratification passed on to P. Chidambaram. Payment of those sums to Chess were for IT solutions software and server hosting services provided to BAB and BAN respectively during such period.  

BAB and BAN have, at a hearing in the Trial Court at Rouse Avenue Courts of New Delhi today, respectively entered appearance in the above proceedings, to demonstrate their willingness to fully cooperate with the CBI and the ED and to aid and assist them and the Court in these ongoing proceedings.

BAB does not currently expect these proceedings to have any material impact on the group’s ability to carry on its business.

BAB will provide updates from time to time on any further material developments on this matter.

This announcement is dated 18 April 2022.