Malaysian authorities have announced plans to take stringent legal action against companies implicated in a high-profile fraud case involving tech giant Nvidia. The scandal, which came to light earlier this year, allegedly involves several Malaysian-based firms accused of participating in fraudulent activities, including the misrepresentation of financial records and unauthorized use of Nvidia’s intellectual property.

In a press conference held in Kuala Lumpur, Malaysia’s Minister of Trade and Industry stated, “We will not tolerate any form of corporate misconduct that tarnishes our nation’s reputation. Companies found guilty will face severe penalties, including fines and potential revocation of business licenses.”

The investigation, led by Malaysia’s Securities Commission and the Malaysian Anti-Corruption Commission (MACC), has identified at least three local firms suspected of collaborating with international entities to defraud Nvidia. The tech giant has yet to release an official statement but is reportedly cooperating with Malaysian authorities.

This case has drawn global attention, highlighting the growing challenges of corporate fraud in the tech industry. Analysts suggest that the outcome of this investigation could set a precedent for how Southeast Asian nations handle similar cases in the future.