Serba Dinamik Idris Haron Answerable Sc Cover Up Track


It turned out to be premature to claim the compound imposed on Serba Dinamik Holdings Berhad's Directors as anti-climax and the ending. The saga had escalated further into another episode and looks to be far from ann ending. 
It is frustrating for parties closely following Serbadk issue to be denied the truth. SC or more precisely Attorney General, Tan Sri Idrus Haron's office decided to hold back charges and merely imposed compound thus saving lurid details from being revealed in court.
Till the compound imposed, the authority and The Edge as the media that supported SC's cause claimed the account are fictitous and manipulated. 
By not going to trial, Idrus Haron denied justice to the minority shareholders and investing public. He is not sending a stern warning to the new crop of top executives in PLC currently rampant in the market conjuring up fake account.
Why did Idrus decide so? What is the motivating reason? Is he being instructed? Is something insidious happening? 
Then there is the childish manner SC is reacting and retaliating to Serbadk. 

Passing the buck to police
As an authority, they withdrew the charges and not act within their power, but now passing the buck to the police i.e. another authority to do their bidding. 
This could only be motivated by revenge. More puzzling their action is petty.  
Serbadk issued a 26-page statement to protest and question SC for their action to compound the Directors. The Edge reported below: 
Serba Dinamik questions SC’s motive to press charges, alleges SC threatened staff 


Sulhi Khalid / theedgemarkets.com 
April 21, 2022 22:34 
KUALA LUMPUR (April 21): Serba Dinamik Holdings Bhd has questioned the Securities Commission Malaysia's (SC) motive to press charges against the company in its lengthy reply to the court order dated Feb 7, 2022. 
The oil and gas service provider, which is embroiled in audit issues, argued that the SC is obliged to prove that each and every director knew that the statement was false and caused it to be announced as it believes that the way the charges were framed was that the responsibility for the alleged false statement rested on the (Serba Dinamik) board. 
“What is of course not explained in the press is the fact that the SC did not cause charges to be brought against the entire board but only against selected directors and persons who were not directors. This is for SC to explain,” it said. 
To recap, in December last year, the SC pressed charges against Serba Dinamik’s directors and officers for submitting false information to Bursa Malaysia, an offence under Section 369(a)(B) of the Capital Markets and Services Act 2007 (CMSA). 
SC also secured a warrant of arrest against the company’s chief executive officer and group managing director Datuk Mohd Abdul Karim Abdullah. 
Meanwhile, Serba Dinamik also argued that the SC should provide a document that shows how entries amounting to RM6.014 billion were entered into the ledgers of the company and how such entries constitute false statements. 
“What is of course necessary is that the alleged false statement is specifically the cumulative revenue figure in the announcement of the 4th quarter results, being results for Dec 31, 2020. 
“The cumulative revenue figure for the 4th quarter is a cumulation of the revenue for the 1st, 2nd, 3rd and 4th quarter of the 2020 financial year. 
“It is therefore surprising that the SC does not allege that the revenue figures for the first, second and third quarters are false,” said Serba Dinamik. 
The group added, the SC has not shown how the entries in the accounting records of Serba Dinamik Sdn Bhd, a subsidiary of Serba Dinamik, could contribute to the cumulative revenue figure for the fourth quarter. 
Serba Dinamik also alleged that the SC had threatened the staff of the company by offering them to become witnesses against the company and the management. The group claimed that SC informed the relevant staff that they would not be charged by SC if they were to accept the offer. 
“The SC should explain why the investigation is being continued even after the charges were made. 
“The fact that charges were brought before investigations were completed suggests that the bringing of the charge and the subsequent refusal to serve documents on the company gives rise to the inference that the charges were made not to secure a speedy trial, but was motivated by other improper factors which only the SC can and should explain,” the group said.
----------------- 
Problem leads back to SC
To a layman, the issues raised by Serbadk seemed relevant and SC should explain themselves. 
Blogger Nuclearbursa claimed here that the root of all the problems leads back to SC. 
He questioned how many times Serbadk failed to meet the IPO requirement before KPMG was in the picture, but SC kept silent. After the listing, he said Serbadk became a monster because SC failed to do their job. 
He highlighted the red flag here slipped their radar. Over 1,000 days, he asked why "not a single market regulator, banker, accountant, or business journalist in this LAND spoted the red flags or had zero knowledge on what was taking place?"   
Furthermore, he cited four cases involving GP Ocean, Chee Kok Wing, Nasioncom Holdings, and Marcus Chan CFA, where SC officials took bribes. 
He questioned silence of the SC surveillance team on who "engineered an open market raid for 13.4% of Serbadk at 80 sen per share in a frantic 60 minute trade". The video commentator speculated parties linked to Sarawak government.  
In addition, SC failed to charge fund managers for market manipulation. Just 28 days before EPF ceased to be a substantial shareholder, they talk the market down by telling the world something not right with Serbadk. 
Yet EPF and other Government linked Funds are still holding 15% of Serbadk. More likely than not, SC will eventually relist Serbadk and should the shares spiked to RM1, they will benefit handsomely from this drama. 
Do not be surprise a new party will surface to takeover Serbadk and it is not impossible the new party was the film Director for the Serbadk movie thriller on stock market. 
AG's silence not elegant
Naturally, SC disagreed with Serbadk's statement but for them to nitpick with a police report for Penal Code 499 is somewhat to a childish tantrum. 
Compared to charges on fake account, criminal defamation is a mere misdeamenour. If Serbadk could prove justification, fair comment and privilege, then SC's reaction are merely whitewashing.     
SC could be suspected of intentionally ignoring the red flags and market manipulation activities. Why then would Serbadk be so gung ho other than to absolve themselves if not for the possibility there is more than meets the eye?
AG also has to answer for missing all these. AGC have people parked in SC office. He should be in the know of the potentially biggest fraud case of last year. 
It is no more elegance silence but abuse of power to not take action. The same manner he kept quiet on the completed IP of Zeti, and Nor Mohamed Yakcop. AG too is silent on the conflicted Nazlan Ghazali.
For awhile, this blog been saying SC is a haven of corporate thieves and blackmailers. One merely need to recall SC reaction to Azam Baki episode. 
SC have access to confidential information and should be the only access to documents partially leaked by Lalitha. DAP sympathisers among SC officers were close to smearing Azam's reputation.  


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://anotherbrickinwall.blogspot.com/2022/04/serba-dinamik-idris-haron-answerable-sc.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Why Were Serba Dinamik Execs Compounded Not Charged

Why Were Serba Dinamik Execs Compounded Not Charged

papar berkaitan - pada 17/4/2022 - jumlah : 201 hits
From Devanesan EvansonTo compound or not to compound may very well be the question when it comes to compoundable offences The decision to in the Serba Dinamik Holdings Berhad case has raised a myriad of questions thoughts and opinions As a ...
Anti Climax Ending To Serba Dinamik Saga

Anti Climax Ending To Serba Dinamik Saga

papar berkaitan - pada 15/4/2022 - jumlah : 304 hits
The Edge Online reported on Thursday that SC came to a settlement to merely impose compound for alleged accounting fraud by Serba Dinamik It is truly anti climax ending to the many months of investigation and expose by Edge In their March 2...
Winding Up Petitions Filed Against Serba Dinamik Subsidiaries

Winding Up Petitions Filed Against Serba Dinamik Subsidiaries

papar berkaitan - pada 29/4/2022 - jumlah : 183 hits
A report says the creditors include six financial institutions that had provided RM1 2 billion in syndicated term financing to Serba Dinamik PETALING JAYA Creditors have filed winding up petitions against Serba Dinamik Holdings Bhd and its ...
Sc Lodges Police Report Against Serba Dinamik

Sc Lodges Police Report Against Serba Dinamik

papar berkaitan - pada 24/4/2022 - jumlah : 289 hits
The Securities Commission Malaysia said it will stop any attempt to intimidate the commission or its officers and undermine its authority and credibility PETALING JAYA The Securities Commission Malaysia has lodged a police report against Se...
Sc Imposes Maximum Compound Against Serba Dinamik Top Execs

Sc Imposes Maximum Compound Against Serba Dinamik Top Execs

papar berkaitan - pada 14/4/2022 - jumlah : 208 hits
The four top executives of Serba Dinamik Holdings Bhd were earlier charged for submitting a false financial statement to Bursa Malaysia KUALA LUMPUR The Securities Commission has imposed a maximum compound of RM3 million each against Serba ...
Securities Commission Decries Attempt To Intimidate Its Staff Undermine Its Authority After Serba Dinamik Case

Securities Commission Decries Attempt To Intimidate Its Staff Undermine Its Authority After Serba Dinamik Case

papar berkaitan - pada 24/4/2022 - jumlah : 159 hits
A view of the Securities Commission Malaysia building in Kuala Lumpur Photo via Twitter Bernama KUALA LUMPUR The Securities Commission issued a public warning today against intimidating its personnel or undermining its authority and cr
Sepontan Wan Maimunah Cover Balik Tersasul Sebut Nama Jep Sepahtu Video Buat Ramai Terhibur

Sepontan Wan Maimunah Cover Balik Tersasul Sebut Nama Jep Sepahtu Video Buat Ramai Terhibur

papar berkaitan - pada 20/4/2022 - jumlah : 300 hits
Sebut sahaja nama Jep Sepahtu ramai yang sudah cukup kenal dengan perangai lucu pelawak terkenal ini yang apabila berkata kata sahaja memang jarang membuatkan penonton kering gusi Apatah lagi di rancangan Sepahtu Reunion Al Puasa 2022 dan n...
Cover Fail Pengurusan Sekolah 2022 Percuma V6

Cover Fail Pengurusan Sekolah 2022 Percuma V6

papar berkaitan - pada 13/4/2022 - jumlah : 206 hits
Anda boleh Muat Turun dengan menekan butang Muat Turun dibawah Link muat turun menggunakan telegram channel cikgugrafik Minta ya sebagai tanda terima kasih Subscribe channel telegram kami Nak tengok design lain boleh buka di telegram kami F...
Ringgit Touches Near Two Year Low Asian Stocks Track Wall St Strength

Ringgit Touches Near Two Year Low Asian Stocks Track Wall St Strength

papar berkaitan - pada 21/4/2022 - jumlah : 177 hits
Malaysia s ringgit hit a near two year low on Wednesday dragged by strength in the US dollar dim global growth prospects and an overnight slump in oil prices while other emerging Asian currencies trade mixed Most equities in the region firm...
Flexibility In Business Operations

Umno Youth To Protest Extra Hours For Civil Servants Working Shifts

The Difference In The Concept Of Illicit Relationship Between Muslims And Non Muslims

Biodata Hael Husaini 2 Kali Juara Ajl Dan Perjalanan Dalam Industri Seni

Pensyarah Didakwa Hina Nabi Jawi Turut Buka Siasatan

Pas Langkaui Retorik Dap Isytihar Pas Muuh Utama

Murid Buktikan Pada Guru Lembu Makan Martabak

Abang Adik Wins Best Film Award In Los Angeles


echo '';
Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Info Dan Sinopsis Drama Berepisod Dhia Kasyrani Slot Akasia TV3

Biodata Terkini Reshmonu Peserta Gegar Vaganza 2024 Musim 11 GV11 Penyanyi Lagu Hey Waley

Gegar Vaganza 2024 GV 11 Hadiah Tiket Peserta Juri Format Pemarkahan Dan Segala Info Tonton Live Di Astro Ria Dan Sooka

6 Janji Donald Trump Kalau Dia Naik Jadi Presiden Semula


Football Online Sports Gambling 1xbet 1xbet Globa

Mesyuarat Mpsm Kulai Bil 3 2024

7 Keistimewaan Hari Arafah Hari Yang Dinantikan Jutaan Umat Islam

Generasi Milenial Dan Gen Z Dukung Nkri Nomor Urut 2 Simbol Harapan Baru Kalimantan Barat

Kempen Hartanah Bumiputera Matrix Miliki Rumah Selesa Cipta Kenangan Indah Bersama Keluarga

Bukan Semua Cendawan Boleh Makan Ada Yang Beracun