Wouldn't you be worried that the lawsuit will further delay an independent review? Then on Tuesday, Serba Dinamik said it would be taking legal action against KPMG for alleged negligence, breach of contract and breach of statutory duty.
Mohd Abdul Karim: It is very premature to make that kind of assumption.
Datuk Ilyas Pakeer Mohamed KPMG merupakan juruaudit untuk 1MDB antara tahun 2010 hingga 2012, dan telah dipecat sebagai auditor setelah firma itu enggan meluluskan akaun tahun kewangan 2013.
In other words, the appointed or hired auditor cannot have any link or connection to the company he was appointed by or its members.
Then on Tuesday, Serba Dinamik said it would be taking legal action against KPMG for alleged negligence, breach of contract and breach of statutory duty. Serba Dinamik said following its suit against KPMG, it would be deliberating whether the scope of its independent reviewer Ernst & Young Advisory Services Sdn Bhd has to be expanded or otherwise.
In order to clear any concern with the regulators and market, it said Serba Dinamik will investigate the issues raised by KPMG and announce the findings, notwithstanding the filing of the suit. The statement was issued following an online press briefing by director Datuk Mohamed Ilyas Pakeer Mohamed yesterday.
About one month after KPMG shed light on the issue, Serba Dinamik held a press conference on Tuesday, 22 June, to clear the air on the matter. Its newly minted chairman Datuk Mohamed Ilyas Pakeer Mohamed denounced its external auditor for blowing a trivial matter out of proportion.
SERBA Dinamik Holdings Bhd’s board has decided to take legal action against its external auditor KPMG PLT, on the ground that the auditor caused reputational damage by flagging accounting discrepancies in the company’s financials. It alleged KPMG had been negligent and breached its contractual and statutory duties to the group.
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