Zahid’s trial: Yayasan Akalbudi never audited its accounts or filed financial reports with SSM, company secretary affirms | Malay Mail

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Zahid’s trial: Yayasan Akalbudi never audited its accounts or filed financial reports with SSM, company secretary affirms

MKSS Management Sdn Bhd company director Mahinder Kaur is pictured at the Kuala Lumpur High Court, February 12, 2020. ― Picture by Ahmad Zamzahuri

She earlier told the court that she was acquainted with Zahid from around 1989 through a friend of his before being appointed as company secretary to Measurement Sdn Bhd — also another company Zahid owned — in 1993. “To my knowledge, Yayasan Akalbudi had never conducted audits on accounts that it owned nor has it submitted audit reports to the SSM on them,” she said in her witness statement here.

Mahinder also said no annual general meeting was convened to her knowledge, adding that she attempted to remind Zahid several times about it. Under the Companies Act, a company must hold its AGM not exceeding 15 months from the previous AGM held and must submit its audit report to the SSM within 30 days after an AGM has been convened.

“I agreed to his request but I had to wait to be given the documents before I was appointed company secretary for the purpose of updating the documents,” she said.

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Indon above the law ... imagine the scenario if he had become pm ... 😲

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