AGC explains decision to drop criminal proceedings against Serba Dinamik

KUALA LUMPUR: Criminal proceedings against Serba Dinamik Holdings Bhd (SDHB) ought not to be pursued due to the economic consequences of doing so, according to the Attorney General’s Chambers (AGC).

“The impact of the charges on SDHB is disproportionate with the severity of the alleged offences committed. As at the date of this press release, SDHB is facing winding up petitions from creditors, which jeopardise the livelihood of SDHB’s employees and the interest of shareholders and other creditors,” AGC said in a statement Friday.