Fictitious invoices, discrepancies revealed in Khee San financing drawdown probe

TheEdge Fri, Sep 25, 2020 02:18pm - 6 months ago


KUALA LUMPUR (Sept 25): Sale and purchase invoices that appear to be fictitious are among findings in candy manufacturer Khee San Bhd's ongoing financing drawdown probe, which also revealed discrepancies between summary listings of invoices submitted for credit facility drawdown and the actual documents attached to the listings.

In a statement to Bursa Malaysia today, Khee San, which has appointed BDO Governance Advisory Sdn Bhd to undertake the investigation, said BDO's review revealed that all applications of the credit facilities were signed by Datuk Seri Liew Yew Chung.

"The above investigation is still in progress and is expected to be completed in October 2020. The board is also consulting its legal counsel on the appropriate course of action to be taken," Khee San said.

More to come






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