With the accounting fraud of Rm622million for the past three years still hovering in their mind, the minority shareholders in the AGM of Transmile BHd had voted for not giving a single cent of fee to the directors  for the year ended 31 st December 2006.
Indeed, this is the best news for anyone who hear […]

The Securities Commission has charged three former executives of Transmile Bhd with giving misleading financial statements :

ex-chief financial officer Lo Chok Ping,
ex-executive director Khiudin Mohd and
founder Gan Boon Aun, who resigned as chief executive officer in June ’07 when a police report is filed.

Earlier Transmile has also filed an announcement dated 29/6/07 […]

Immediately after Transmile Group’s accounting fraud over fictitious Trade Receivables/billings, another storm is brewing in another public listed company Welli MultiCorporation Bhd as the Malaysian Securities Commission (SC) queried the company over the authenticity of its trade receivables of RM113 million over a total trade receivables of Rm130 million as at 31 st December 2005
 
Append […]

a) Transmile Mr Gan Boon Aun Relinquish his post as CEO

Subsequent to the Transmile’s lodgement of the police report over false statements and documents on fictitious revenues, unsupported/ficititious payment for purchase of fixed assets and payments to third parties, Mr.Gan Boon Aun has resigned as chief executive officer of beleaguered Transmile Group Bhd.as the fallout […]

The saga of the fraud/financial irregularities has not ended as the final report by Moores Rowland Risk Management Sdn.Bhd (MRRM) has been completed and submitted by the submitting merchant bank, CIMB Investment Bank Berhad on 16/6/2007 on behalf of Transmile Group.
To simply sum it up, the report seems to indicate a massive cover up of
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