News Formal

Company directors, accounts manager fined, jailed for false disclosures

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The revenue figures ranging between RM7 million and RM40 million given to Bursa Malaysia were found to be fraudulent and contained fictitious sales.

PETALING JAYA: The Kuala Lumpur Sessions Court has sentenced to jail two former directors and an accounts manager for submitting false statements to Bursa Malaysia, the Securities Commission said today.

They were charged in 2011 with eight counts of submitting false statements to Bursa Malaysia in relation to Kosmo’s revenue figures in its unaudited quarterly reports from 2006 to 2007. Meanwhile, Helen Lim Hai Loon, 49, former accounts manager at Kosmo, was charged with abetting in the offences.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CEO, company director remanded on suspicion of bribing ministry officers | The Malaysian InsightCEO, company director remanded on suspicion of bribing ministry officers
Source: msianinsight - 🏆 8. / 63 Read more »

Najib's SRC trial: Subsidiary company's account flagged as high risk, court toldKUALA LUMPUR: An SRC International Sdn Bhd subsidiary was flagged as being a high-risk account and subjected to closer scrutiny, the High Court was told Monday (April 29). What did award winning ex-governor Zeti do ?
Source: staronline - 🏆 4. / 75 Read more »