Malaysian securities regulator charges Serba Dinamik, seeks arrest of CEO

Langfang3周前Technology118
Malaysian securities regulator charges Serba Dinamik, seeks arrest of CEO

KUALA LUMPUR: Malaysia's securities regulator said it is seeking the arrest of oil and gas services firm Serba Dinamik Holdings' chief executive and has charged company officers with submitting a false statement to the country's stock exchange.

In a statement issued on Tuesday (Dec 28), Securities Commission Malaysia (SC) also said it had secured a warrant seeking a police arrest of Serba chief executive officer and group managing director Mohd Abdul Karim Abdullah. The regulator said the CEO is "currently at large".

Serba declined to comment while the police did not immediately respond to a request for comment. Reuters wasn't able to contact Abdul Karim for comment, nor establish his location.

The regulator said the false statement was in relation to a RM6.014 billion (US$1.44 billion) revenue figure published by Serba in its quarterly report for the period ended Dec 31, 2020.

Malaysian regulator investigates oil firm Serba Dinamik Serba Dinamik independent directors express concern over audit matters

The investigation into Serba was launched in May following a report by external auditor KPMG.

The latter had raised concerns about not being able to verify contracts and transactions worth RM3.5 billion ringgit with 11 of Serba's customers. KPMG resigned in June after Serba filed a lawsuit against it.

KPMG had said it will vigorously contest any court proceedings, but declined to comment after resigning from the auditor role.

Serba appointed EY Consulting in July as a special independent reviewer after stock exchange Bursa Malaysia's issued a directive that the company should review the issues raised by KPMG.

But Serba last month filed a lawsuit against EY Consulting, seeking to block it from releasing any findings on the group.

Bursa Malaysia and EY Consulting did not immediately respond to requests for comment.

Serba's shares have been suspended since Dec 15 after it defaulted on a US$222.22 million sukuk. It said in a bourse filing that the incident may significantly impact the group's financial performance.

相关文章

China plans new participants, derivatives in carbon trading market: Shanghai Sec News

China plans new participants, derivatives in carbon trading market: Shanghai Sec News

SHANGHAI : China plans to add new participants to its national emissions trading scheme (ETS) an...

Chinese-owned Syngenta appeals Italys veto of seed producer deal - sources

Chinese-owned Syngenta appeals Italys veto of seed producer deal - sources

ROME : Chinese-owned agrochemicals giant Syngenta has appealed to an administrative court after...

SingPost launches tiger-themed stamps for Chinese New Year

SingPost launches tiger-themed stamps for Chinese New Year

SINGAPORE: SingPost on Friday (Jan 7) launched a set of stamps to welcome the Year of the Tiger.The...

Tesla raises Full Self Driving software price to US$12,000 in US

Tesla raises Full Self Driving software price to US$12,000 in US

Tesla CEO Elon Musk tweeted on Friday (Jan 7) that the electric carmaker will raise the US p...

Vietnam 2021 FDI inflows dip 1.2per cent to US$19.74 billion -statistics office

Vietnam 2021 FDI inflows dip 1.2per cent to US$19.74 billion -statistics office

HANOI : Vietnam received US$19.74 billion in foreign direct investment (FDI) in 2021, down 1.2pe...

China copper smelters keep Q1 treatment charges flat from previous quarter

China copper smelters keep Q1 treatment charges flat from previous quarter

:China's top copper smelters kept floor treatment and refining charges (TC/RCs) for copper concentra...