Archive for May 31st, 2007

Transmile’s RM333m shocker: Cooking the books in Malaysia

So a special audit of Transmile Group has discovered that its revenue for 2005 and 2006 may have been overstated by over RM500 million ringgit. Gulp! Let me say that again s-l-o-w-l-y: over RM500 million.
And its pre-tax profit for 2006 of RM207 million may have been inflated by RM333 million - which means that its [...]