Shares in mobile phone firm Technology Resources Industries Bhd (TRI) plunged today after the discovery of fake invoices worth more than RM259 million.

In a statement to the stock exchange late yesterday, TRI chairman Mohamad Munir Abdul Majid said the fictitious invoices issued in 1998 and 1999 were found by the company's new directors and reported to police.

Munir said the fake invoices worth RM259.32 million would have an impact on the finances of the company, which owns the country's second top mobile phone operator Celcom (Malaysia) Bhd.