KUALA LUMPUR (May 6): The Malaysian Bar has reproached the Attorney-General’s Chambers' (AGC) usage of authority to compound Serba Dinamik Holdings Bhd and four top executives, instead of proceeding with the prosecution of the accused parties. “The Malaysian Bar is mindful of the immense authority wielded by the AG. Malaysian Bar calls for transparency on compound issuanceMohamad Ezri stressed that the Malaysian Bar is also concerned with the lack of transparency of the AGC’s decision, considering the significant impact on the integrity of the capital market’s governance and the regulatory framework. The Malaysian Bar vice-president called for the AGC to disclose the reasons behind its decision to issue compounds to Serba Dinamik and the accused officers, instead of proceeding with prosecution. Read also:SC compounds Serba Dinamik, top execs RM3 mil each for submitting false revenue that KPMG flaggedSerba Dinamik and executive officers’ representation conditionally accepted by AG's Chambers

Source: The Edge Markets May 06, 2022 22:06 UTC