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COMMENT | Investors' interests should be above directors' interests

COMMENT | If one does a search on Google for “Serba Dinamik”, the results can be mind-boggling because a long list of choices appears. Among others, there’s “Serba Dinamik fined”, “Serba Dinamik KPMG”, “Serba Dinamik directors”; but the one which takes the cake is “Serba Dinamik scandal”.

The issue has resulted in several police reports and has drawn in two of the “Big Four” accounting firms, the listing body, the regulator, financial institutions, the Attorney-General’s Chambers and a battery of lawyers. Perhaps, the only ones who have been spared (for the moment at least) are the prime minister and his cabinet.

There’s enough material from various authoritative bodies, news reports, and even the company itself, which covers a gamut of information on governance - or rather the lack of it.

This involves the public-listed entity - Serba Dinamik Bhd, which over the past few months has been making headlines for all the wrong reasons.

Take this April 7, 2022 report from The Edge...

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