Kuala Lampur, Oct. 6 -- Recently, major newspapers reported that the Malaysian Anti-Corruption Commission (MACC) had launched a multi-agency investigation into the tyre industry over allegations of price fixing, the import of unsafe tyres, tax evasion, and money laundering linked to unlawful activities, triggered by a complaint from an Italian tyre manufacturer.

However, the MACC investigation primarily targets issues related to tyre smuggling and the falsification of import and export documents.

This news extends well beyond smuggling and document forgery, stemming from deeper problems related to market distortion, anti-competitive behaviour, and unfair commercial practices that negatively impact both consumers and the economy.

The ma...