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Accounting fraud in malaysia -Liqua Health Bhd The securities of the Company has been removed from the Official List of Bursa Securities at 9.00 a.m. on Friday,10 April 2009. For some who are not aware of this de-listing,one of the factors that caused the delisting is the accounting scandal/fraud involved. Details: Liqua [...] Bursa Malaysia has publicly reprimanded LFE Corporation Bhd and fined four of its directors RM468,000 in total for a breach of the following four(4) listing requirements: 1. [...] Recently reported in the Chinese Financial magazine,Caijing and Financial Times was the biggest suspected bank fraud case involving the massive sum of 1.43 billion dollars. Some details: Persons Involved: Wang [...] Earlier MEMS has been heftly fined and public reprimanded for breaching listing requirements. Recently,the Securities Commission (SC) has directed MEMS Technology Bhd to rectify and re-issue its financial statements for the financial years ended July 31,2007(FY2007) and 2008(FY2008) and re-announce the Income Statements for the six months ended Jan 31 2009 within 14 days. [...] XiDeLang is poised to be the third Chinese company to list on Bursa Malaysia after fellow shoe counterparts-Xingquan International Sports Holdings Ltd and Multi Sports Holdings Ltd. However,the number of listing in Malaysia is very pathetic when compared to the Singapore counterpart,where more than 100 Chinese companies [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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