Heated Silver Bird AGM, shareholders may ask for details on probe into financial irregularities

PETALING JAYA: Shareholders are expected to demand from the board of directors of Silver Bird Group Bhd details on the ongoing investigation into the financial irregularities when the company's AGM is held next Monday.

An official representing one of the major shareholders who spoke on condition of anonymity said the board's independent directors were preparing to be hit by questions on how the fraud, which could expose the company to as much as RM111.5mil in losses, had eluded the board and auditors for so long.