Kamdar probes "missing" RM8.7m
17 Apr 2014 / 08:15 H.
PETALING JAYA: Kamdar Group (M) Bhd has appointed Messrs Morison Anuarul Azizan Chew as special auditor to assist the audit committee of Kamdar to conduct an investigation into an alleged withdrawal of RM8.7 million from Kamdar Sdn Bhd's account.
The special audit shall commence on April 22, 2014 and is expected to be completed within two weeks from the commencement date.
"The company shall make an announcement on the findings of the special audit upon the completion of the special audit," Kamdar said in a filing with Bursa Malaysia yesterday.
It had previously said that the RM8.7 million was taken out of Kamdar Sdn Bhd in 2005.