Versatile Creative suspends MD and CFO amid probe


The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila

KUALA LUMPUR: The board of directors at Versatile Creative Bhd, a packaging firm, has uncovered possible fraud in the company involving unauthorised payments made to third parties.

The company told Bursa Malaysia today that it had appointed Crowe Malaysia to carry out a forensics audit. The board had also suspended managing director and his chief financial officer to facilitate the investigation.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Uzma gets integrated well continuity services contract from PETRONAS
Dayang Enterprise secures two contracts from PETRONAS Carigali
VSTECS optimistic about 4Q, expects strong FY24 finish
Johor Plantations to continue driving operational efficiency
Bumi Armada is said to weigh buying MISC Offshore energy assets
FBM KLCI edges higher amid regional downtrend; plantation stocks lead decliners
BNP lays off a dozen China dealmakers amid fee plunge
Oil pares losses on tight supply but cloudy demand caps gains
Thailand's currency, stocks rally on economic, earnings momentum; Asia FX mixed
Global EV sales up 35% in October, Europe ekes out a gain

Others Also Read