So far so good: The IHH’s management, led by Dr Tan, is seen as capable and having been able to manage its risk well.
TO put it in a nutshell, the controversy surrounding healthcare group IHH Healthcare Bhd
is quite simple.
KPMG, the external auditor of IHH, is worried that the healthcare group will have to make more provisions for its acquisition of the Fortis Healthcare group in India in the future. This is on the back of the Securities and Exchange Board of India or SEBI still investigating Fortis for dubious dealings when it was managed by its former major shareholder and chairman Malvinder Singh.
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