Accounting Fraud Updates:Megan Media Holdings Berhad

Accounting fraud in malaysia:Megan Media Holdings Bhd

Kenneth Kok,ex financial controller and personal assistant to the executive director of Megan Media Holdings Berhad was fined RM350,000 in default a year’s jail by the Sessions Court for abetting the company to make a false statement to Bursa Malaysia.

 

This is actually a [...]

Accounting Fraud Updates:Liqua Health Corporation Bhd

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 [...]

Directors Of LFE Corporation Being Fined And Publicly Reprimanded By Bursa Malaysia

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.       [...]

Biggest Bank Fraud Case In China

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 [...]

MEMS TECHNOLOGY being directed by SC To Rectify Its Financial Statements

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. [...]