1MDB, M’sian govt sue KPMG for $5.6 billion
KUALA LUMPUR: The government of Malaysia, Minister of Finance Inc (MOF Inc), 1Malaysia Development Berhad (1MDB) and four of its subsidiaries have filed a suit against 44 partners of accounting firm KPMG, seeking $5.6 billion for alleged breach of contract and negligence in auditing 1MDB’s financial statements for the financial year between 2010 and 2012. […]
EY accepts appointment as Serba Dinamik’s independent reviewer
KUALA LUMPUR: Ernst & Young Consulting Sdn Bhd (EY) has accepted the appointment as Serba Dinamik Holdings Bhd’s independent reviewer to assess the veracity and accuracy of the matters highlighted by the latter’s former external auditor, KPMG PLT. In a filing with Bursa Malaysia today, the oil and gas services provider said it has also […]
Serba Dinamik’s shares fall 16 pct after directors’ resignations
KUALA LUMPUR: Serba Dinamik Holdings Bhd’s shares fell by 16 per cent after four of its independent non-executive directors resigned last Friday due to a difference of opinion on the company’s legal action against its former external auditor, KPMG PLT. At 10.50 am, its shares slipped 6.5 sen to 34.5 sen with 373 million shares […]
We have done nothing wrong
KUCHING: Serba Dinamik’s founder and group chief executive officer Datuk Dr Mohd Abdul Karim Abdullah yesterday reiterated that the company has done nothing wrong after its external auditor KPMG PLT (KPMG) raised red flags on the company’s financial accounts. “Serba Dinamik has very strong fundamentals and we hope that after the announcement (to take legal […]
Serba Dinamik board approves appointment of E&Y as independent reviewer
KUALA LUMPUR: Serba Dinamik Holdings Bhd’s board of directors has agreed in principle to appoint Ernst & Young Advisory Services Sdn Bhd (E&Y) as the independent reviewer to assess the veracity and accuracy of the issues highlighted by external auditor KPMG PLT. In a filing with Bursa Malaysia, the oil and gas services provider said […]
Serba Dinamik remains solid O&G player despite market turmoil
By Azman Ujang KUALA LUMPUR: Malaysian oil and gas (O&G) services giant Serba Dinamik Holdings Bhd remains strong with good growth prospects for the coming years despite facing a very challenging market, an industry observer said. The observer told Bernama that the company also played an important role in the industry and many of its […]
Serba Dinamik Holdings to finalise independent firm appointment soon
KUALA LUMPUR: Serba Dinamik Holdings Bhd refers to reports on the removal of KPMG PLT as the group’s external auditor and the subsequent proposed nomination of BDO PLT as the new external auditor as announced on Bursa Malaysia on May 28, 2021. In a statement today, Serba Dinamik said it had received a special notice […]
