Atta’s woes deepen
IT is already strange that a company has to be suspended because of criminal investigations into its premises. It’s even worse when its fundamentals are impacted due to the police investigations.
Police investigations take a long time to conclude. For drug-related offences, it can take up to five years before a conclusive decision. So, what does a company and its shareholders do while waiting for the investigations to be completed?
This is the predicament facing the shareholders of ATTA GLOBAL
Bhd, a company that was suspended after police busted its factory in Prai, Penang for drug-related offences. The company’s executive chairman and major shareholder, Ooi Chieng Sim, has been detained to assist in investigations.
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