Serba still around till bankruptcy. Only struggling to survive to service its debts to the banks and institutions. The company is no more listed to public and no chance to raise funds. Good for public to avoid any futher scam on those innocent investors who lost to the modus operandi scam of Serba management by falsifying income and sales. If it ever comes back the entire management need to be revamped and changed. Otherwise it will be mocked by investors.
Kind of missing the pusxy cat around who has been entertaining us with her fantastic 4 and fleet of battleships to be " unsinkable " as claimed by her.
serbaD owners all laughing.Penalised few millions only but whacked millions including me losing closed to 80k. should send them to be Najib's cell neighbours. but this is Msia. NFA culture.
Yer,pity on those who were delusional to keep averaging and averaging with false hope of resuscitation and get burnt heavily in the end.
The moral of this is that once the company is embroiled with false accounting,it is destined to be doom eventually. It is basically untouchable no matter how cheap the share is,how generous the warrants as carrots on the sticks is....
The moral of this story is to trust the external auditors more than the doggy management such as this particular case. The moment they challenged with the external auditors, it was basically " good and say goodbye " by exiting fast .....
Unfortunately, only B40 blue collar criminals got jailed e.g. for stealing cheap milk powder for their infants, not multibillion $$$$$$ white collar criminals. Dxxmsday is approaching.....
How the liquidation of Serba going on ? Anything left for the shareholder ? How is the legal cases between few of the Serba Top Management with the MOF subsidiary ?
flashback 2019..... As of Aug 8, 2019, the shareholding of the 54-year-old very private entrepreneur (Abdul karim) was 346.78 million shares valued at RM1.56 billion based on the company’s last Friday’s intraday high of RM4.51.
flashback Oct 2022... karim seels his entire serba dk warrants of 55.9m units on oct 18-21.... at average price of about 7.5sen, just 1 day before company shares was suspended by bursa on oct 22... coincidence ???? hmmm.....
Karim, Kadir and management semua perlu masuk jail. Buat rubber stamp business instead of genuine oil & gas. Buat malu aje untuk bumiputra dan negara Malaysia.
Repost: Posted by EngineeringProfit > Oct 2, 2024 8:19 AM | Report Abuse If the lawyer is complicit in the criminal breach of trust, the Penal Code Section 409 (CBT by a public servant, banker, merchant, or agent) provides for punishment up to 20 years imprisonment, a fine, and whipping.
EngineeringProfit 19843 posts Posted by EngineeringProfit > Oct 2, 2024 9:26 PM | Report Abuse Lawyers who attempt to mislead the court, particularly in a clear-cut case involving criminal breach of trust (CBT) and money laundering, face serious legal and ethical consequences. In such cases, where public funds are involved, and the argument centers around laundering for welfare purposes, the lawyer could still face sanctions, as the law does not permit such justifications.
Sslee 6238 posts Posted by Sslee > Oct 3, 2024 6:43 AM | Report Abuse X How about any actions to be taken on Lawyers who attempt to mislead the public particularly in a clear-cut case involving criminal breach of trust (CBT) and money launder (Serbadk vs shoplot auditor)?
Sslee 6238 posts Posted by Sslee > Oct 3, 2024 6:47 AM | Report Abuse X https://youtu.be/vssNP00vxng?si=2PeuxpAAbZl2vl8d Still remember above video. Can serbadk shareholders now take class action againt the lawyer?
Sslee 6238 posts Posted by Sslee > Oct 3, 2024 6:57 AM | Report Abuse X You can consult MSWG with above video link as of what actions you can take to seek compensation from all those complicit in the criminal breach of trust and fraud
Definately in afterlife Karim & Kadir will be under queries by the divine for cheating so many investors. I can smell rotten flesh and pains everyway in hell for them.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
zoizai
1,518 posts
Posted by zoizai > 2024-06-07 07:28 | Report Abuse
I miss Serbadk