Revenue Group Bhd has found that there was an absence of standard operating policies and procedures in relation to the group’s supplier management and non-trade purchases, following a completed internal special review of its procedures for the checking of payment transactions.
In a filing with Bursa Malaysia on Tuesday, Revenue Group said the special review, covering the period from Jan 1, 2021 to Dec 31, 2022, was carried out in response to the purported irregular transactions allegedly perpetrated by its former directors Brian Ng Shih Chiow and Dino Ng Shih Fang.
TheEdge05 Dec, 2023 19:40pm - 5 months