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 [...]

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 [...]

Recently there are much news about the financial irregularities in the public listed Air cargo operator Transmile Group Bhd. This is startling as the major shareholders are Robert Kuok Group and Khazanah. The chairman of Transmile is none other than the ex transport Minister Ling Liong Sik. The Board of Director informed that Moores Rowland [...]

In the Chairman’s report of MP Technology Resources Bhd dated 4th May 2007 for the year ended Nov 30 2006, its executive chairman Mat Hassan Esa highlighted that there are previous mismanagements which resulted in a much greater group loss. Group losses for the year were RM142.99mil, up from losses of RM30.3mil in the previous [...]

Earlier article on the charging of Datuk Chee Kok Wing, Shamsul Khalid Ismail and Mah Soon Chai. Reported in The Star that another director, Tan Teck Hong @ Chern Teck Foong, 40, of NasionCom also claimed trial yesterday to abetting Datuk Chee Kok Wing in authorising the making of statements in a NasionCom document required [...]