Bright Packaging financial statements verified

PETALING JAYA: Chartered accountants Crowe Horwath have verified Bright Packaging Industry Bhd’s financial statements for the five months ended Jan 31, 2013, after the Minority Shareholder Watchdog Group raised concerns over possible accounting irregularities and cash-flow deficiency, among others.

Bright Packaging, in a filing with Bursa, attached a Crowe Horwath report that said: “Based on the work performed, nothing has come to our attention to raise any doubt on the nature and authenticity of the amount owing to a deceased former director, Wong Yet Long, and amount owing to a related party, Wylong Holdings Sdn Bhd as disclosed in the audited financial statements for the financial period ended Jan 31, 2013 and Aug 31, 2012 respectively.”