Posted by plumberii > 2013-07-29 09:59 | Report Abuse

"The news comes as an unpleasant surprise as the Group had not disclosed any ongoing litigation in its financial reports. We understand from the management that no provisions have been made for the claims.

The lack of provision is a cause for concern, as the amount represents approximately 50% of the Group‟s annual net profit. Should the Group lose in its appeal, there will be grave implications for its FY13 bottomline"

Forgot? Did not think they would lose? Not a problem until after the court case?

Business ethic VS business growth/sentiment?

What would you do if you were the MD/CEO?