KUALA LUMPUR: Suara Rakyat Malaysia (Suaram)-linked company Suara Inisiatif Sdn Bhd is likely to see action taken against it by the Companies Commission of Malaysia (SSM).
The company is being investigated for not complying with provisions under the Societies Act 1966.
SSM chief executive officer Mohd Naim Darwish said investigations found that Suara Inisiatif had failed to satisfy several requirements under the act.
This is in relation to its annual financial report, public accounts as well as taking decisions not in the interest of the company, he said.
"After a thorough investigation into Suara Inisiatif Sdn Bhd, our findings revealed that the company has failed to meet requirements listed under the Societies Act pertaining to its annual financial report, public accounts and the company's directors who make decisions for the interest of others and not the company."
Naim declined to reveal the legal action to be taken against the company as investigation papers were yet to be submitted to the Attorney-General's Chambers.
He said the action to be taken would be known in two weeks.
The Registrar of Societies (RoS), in a statement, had said that Suaram had not complied with Requirement 1 and 2 of the Societies Act 1966, covering business address, membership fee collection, its constitution and having at least seven members.
Naim also said SSM will begin investigating all unregistered societies nationwide and also look into companies with "suspicious" foreign funding.
This will be based on the annual financial reports it receives from more than one million companies throughout the country.
He was speaking after a 21/2- hour meeting with representatives from the Home Ministry, police, ROS, Bank Negara Malaysia and Malaysian Communications and Multimedia Commission to discuss their jurisdiction on Suara Insiatif and Suaram.
Naim said Suaram's status as an unregistered society and the foreign funds it had received were also discussed.
"We have presented our investigations to them and they will come back to us after deciding on follow-up action.
"They are convinced that action can be taken against Suara Inisiatif Sdn Bhd and Suaram."
He said if necessary, the agencies had agreed to form a special task force headed by the RoS.
On the move by SSM to investigate Suara Inisiatif Sdn Bhd and Suaram, Naim said it was initiated after the agency on July 2 received a complaint on the matter.
The complaint was made by Jaringan Melayu Malaysia.
"The agency receives more than one million annual reports from companies every year and we do not have time to investigate every one of these companies.
"That is why we will only launch an investigation once we receive complaints from people."
Meanwhile, a former PKR Terengganu Youth chief has alleged that the families of key Suaram figures, including R. Sivarasa, Tian Chua and activist Cynthia Gabriel, depend on currency speculator George Soros for their livelihood.
"Do those in Suaram know the purpose of the funding they receive? They are merely being used as stooges for a foreign power."
Fakhrul said Suaram must prove its functions as a true NGO as claimed, and not affiliate itself with any foreign power for funding.