SESB probes RM64.33 mln advances made to holding company

Last update: 11/01/2019
KUALA LUMPUR, Jan 11 (Bernama) – Scomi Energy Services Bhd’s (SESB) board of directors has launched an investigation on advances totalling RM64.33 million made to its holding company, Scomi Group Bhd and its subsidiaries.

In a filing with Bursa Malaysia today, SESB said the advances were made over a two-year period from June 2016 to June 2018.

“Upon being informed (in May 2018) that the advances had been made without prior authorisation of the board, the board had immediately commenced an investigation into the matter to obtain further information.

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