Transmile Group Berhad Case

After that in 27 june 1997 transmile was a corporation isted on bursa malaysia.

Transmile group berhad case. The kuala lumpur sessions court today found two former independent directors of transmile group berhad guilty under section 122b b bb of the securities industry act 1983 for having authorized the furnishing of a misleading statement to bursa malaysia in transmile s quarterly report on unaudited consolidated results for the financial year ended 31 december 2006. Remaining shareholders from the berhad. Academia edu is a platform for academics to share research papers. According to a check with the companies commission of malaysia ssm kuok brothers sdn bhd owns a 0 2 stake in the group while pos malaysia owns a 2 4.

Judge hasbullah adam ruled that former transmile group bhd ceo gan boon aun had failed to cast doubt on the prosecution s case. Transmile group bhd s founder and former chief executive officer gan boon aun has today been found guilty by the sessions court for furnishing misleading financial. The kuok group had earlier in march 2004 invest show more content in the early of 2007 february the board of transmile approved an unaudited report that shown an increased 80 of the revenue double net profit and trade receivable that had ballooned to rm381 million from rm111 million in year 2005. This was due to a constitutional challenge by transmile group bhd founder and former ceo gan boon aun and executive director khiudin mohd against the validity of the charge brought against them.

Kuala lumpur feb 17. After about 10 years since the trial commenced in 2010 the defence for the accounting scandal involving transmile group bhd founder and former chief executive officer gan boon aun closed its case last friday. Gan began serving his prison term today. Kuala lumpur aug 27.