SC investigates oil services firm Serba Dinamik


KUALA LUMPUR (Reuters) - The Securities Commission said it has begun an investigation into oil and gas services firm Serba Dinamik Holdings Bhd after the company's auditors flagged issues last week.

On Friday, Serba Dinamik said KPMG had raised issues over more than RM3.5bil billion of contracts and transactions that the auditor had not been able to verify with 11 customers.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Serba Dinamik , SC , KPMG

   

Next In Business News

BHIC unit bags RMN submarine contract from Mindef worth RM43.6mil
Sapura Energy appoints Ganesh Gunaratnam as new CFO effective June 1
Capital A formulating regularisation plan to address PN17 status
Ajinomoto declares special dividend of RM2.12 from land sale
Epicon uplifted from PN17 status
Lotte Chemical Titan’s 1Q net loss narrows to RM178mil
Pasukhas gets data centre construction job worth RM56.98mil
FBM KLCI bucks regional downtrend
Indonesia's inflation rate eases slightly in April
Main Market-bound Feytech holdings aims to raise RM114.66mil from IPO

Others Also Read