Versatile sacks MD, group financial officer over missing funds

Versatile Creative, a one-stop printing and packaging solutions provider, faces suspension.

KUALA LUMPUR: Packaging firm Versatile Creative Bhd has sacked managing director Datuk Wong Kong Choong @ Leong Kong Choong and group financial officer Tan Quok Eow over the missing RM2.3mil.

The company told Bursa Malaysia on Tuesday that the duo were dismissed with immediate effect after they had failed to answer allegations made against them in show-cause letters dated Aug 13.

Versatile Creative’s board of directors, on Aug 13, had issued and served the show-cause letters after a forensic audit confirmed that were irregularities involving payments amounting RM2.3mil.

Trading in Versatile Creative shares have been suspended since Aug 8 after the company failed to submit its annual report for the financial year ended March 31, 2018 (FY18) on time.

In separate announcements today, Versatile Creative said it has appointed for former commissioner of police Datuk Seri Wira Ayub Haji Yaakob, 64, as an independent non-executive director.  It has also appointed Khat Chee How, 33, as an executive director.

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