Posted by DannyArcher > 2022-04-08 22:53 | Report Abuse

https://www.theedgemarkets.com/article/cover-story-what-serba-dinamik-didnt-want-you-know

"Editable Microsoft spreadsheet files containing templates of invoices and delivery orders of 10 vendors under Serba Dinamik’s VDP and email communications with a list of suppliers’ company stamps were found in devices and server files of Serba Dinamik employees. The total transactions in these files amounted to RM357.49 million."

FAKE FAKE AND MORE FAKES

Posted by nuilam hali > 2022-04-09 07:29 | Report Abuse

this company is in process of closing.no way it will listed back in bursa

Posted by Huangbk72 > 2022-04-09 10:29 | Report Abuse

Dumbies are all stuck and burnt in SD

Smarties all happily watching from the sidelines.

Worst are the super-dumbies keep promoting SD without a single shred of financial and investing knowledge.. Ended up burning in the same inferno.

Cant wait to see SD delisted and seeing these promoters burnt.

Posted by DannyArcher > 2022-04-09 10:34 | Report Abuse

EY and KPMG both came to the same conclusion, 10 out of the 11 Petronas Vendors are fake.
59 stamps found in Serba
Invoices and templates of other 'companies' linked to Serba found in their HQ
Fake addresses
None existence projects
Right hand pay left hand to create fake transaction

Even the blind can see so much fraud is going on, why are there still people supporting Karim? The 3 knew what was going on. Karim Kadir Awang should be in jail.

Posted by paulthesotong > 2022-04-09 11:53 | Report Abuse

Come Blue Monday,,such a Nice Day to get indicted!

Posted by ǷearlꙌhite > 2022-04-11 08:56 | Report Abuse

.
Since mysejahtera issue has come to light, the person(s) inflicting the issues with Serba Dinamik are the same person(s) connected with mysejahtera.

At stake is way larger in amount than the RM300+ million over 5 years.

https://www.youtube.com/watch?v=7nwkMHQOB2s
https://codeblue.galencentre.org/2022/03/26/pac-report-mysejahtera-developed-without-contract-apps-ownership-unclear-with-new-company/

Serba IT and Serba Space has big things slated for it.....
.

Posted by ǷearlꙌhite > 2022-04-11 09:02 | Report Abuse

.
The hit piece didn't highlight Rinani Capital Sdn Bhd.

Why not someone do a SSM search on how big this company is? Does it have funds larger than AceGroup ( https://www.acegroup.com.my/ )?

https://www.theedgemarkets.com/article/director-four-listed-companies-23-who-azri-azerai
.

Posted by DannyArcher > 2022-04-11 09:13 | Report Abuse

wah... can somehow link to Serba too. all roads lead back to Serba.
pearlwhite thinks serba is a multi-trillion dollar company that was targeted by some hidden hands.
they want to take over serba IT, serba IT got value, so they sabotage, right?

what else? elon musk buying Serba IT?
warren buffet invest in serba?

just accept the fact that karim cooked the books by submitting fake invoices.

Posted by IdleMoney66 > 2022-04-11 09:49 | Report Abuse

6 months of suspension. No matter how the court case result today. I hope SC and Bursa allow trading resume of Serba share. Let the public trade at their own risks.
Ordinary people like us have been stuck our money here more than 6 months....

Posted by DannyArcher > 2022-04-11 09:52 | Report Abuse

Bursa already said trading will resume when Karim release the FFU.
even the courts told Karim to release the FFU,
but too many dirt inside FFU....

Posted by RexKing > 2022-04-11 10:10 | Report Abuse

SC and Bursa had done their part by pushing Si Karim to release the FFU only can trading but i believe he will not do it..Soon SD will become dead cat and Si Karim happy going away with its money

Posted by Huangbk72 > 2022-04-11 10:13 | Report Abuse

Right Danny.. bullseye comment.

I have said this last year, will repeat it this year.

SD is going to be delisted if Bursa or Court of Law doesnt come in to protect the minority shareholders.

SD Wanted, Willed and Compelling Bursa to delist the company.

You better hope the law of this country works to protect the minorities

Posted by IdleMoney66 > 2022-04-11 10:15 | Report Abuse

But now Si karim pass the ball to EY by saying EY refused to sign off of FFU. EY has not given any respond this this yet. Really no idea what going on here.

Posted by RexKing > 2022-04-11 10:51 | Report Abuse

FFU is prepared by EYC for SD and SD is the one who need to sign the FFU and released it to public not EYC.. Si Karim keep pusing here and there only fool will believe him again.. The only way is to push Si Karim released the FFU to start trading if not everyday talk the same things again and again and again...

Posted by paulthesotong > 2022-04-11 12:07 | Report Abuse

https://focusmalaysia.my/no-top-uae-officials-to-greet-pm-so-2-top-msian-diplomats-put-in-cold-storage/

Posted by paulthesotong > 2022-04-11 12:08 | Report Abuse

https://www.e-serbadk.com/serba-dinamik-holdings-berhad-hosted-the-prime-minister-of-malaysia-and-his-delegations-at-expo-dubai-2020/

Posted by DannyArcher > 2022-04-11 12:12 | Report Abuse

IdleMoney66, audit companies are professionals, and Karim knows they cannot reply anything if Karim attacks them. KPMG kept quiet, so did EY. Chris Rock never slap back Will Smith, same logic, professionals dont bad mouth their clients.

Karim is evil, he knew this and use this to fool the retailers.

Big funds all left already.

I can tell you if the court order Karim to release the FFU, a very high chance he will not do it if there is no jail term. If court says release it or get fined and delist, he will choose to pay the fine and get delisted.

Posted by wayne123 > 2022-04-11 13:11 | Report Abuse

SD's stay application dismissed by COA today. SD has to reveal FFU or face contempt proceedings

Posted by Depeche > 2022-04-11 13:27 | Report Abuse

Could one of the conditions be that SD must reveal the FFU?

Posted by ahot75 > 2022-04-11 13:35 | Report Abuse

https://www.theedgemarkets.com/article/serba-dinamik-fails-stay-high-court-decision-requiring-it-reveal-ffu-update

Posted by wayne123 > 2022-04-11 13:59 | Report Abuse

Now that SD has failed to get a stay in the COA, there are 3 possible scenarios. 1. SD will reveal the FFU.
2. SD wont reveal the FFU and face contempt proceedings.
3. SD's lawyers will file a review (purely to buy time).

Posted by paulthesotong > 2022-04-11 14:04 | Report Abuse

You have to right to remain silent. Anything you say can be used against you in court. Anything u say Investors would nt believe u anymore..

Posted by InvestorKING > 2022-04-11 14:05 | Report Abuse

Hi wayne,thanks for the information, we just wanted to know when the trading can resume, we are still waiting to ALL IN this counter. Since these recent months, got so many "so called kind-hearted naysayers" keep
giving negatives news for this counter, but we still insist to ALL IN.

Posted by InvestorKING > 2022-04-11 14:09 | Report Abuse

Only smart and wised experienced investors like coldeye sifu and KYY and 99 Mr Lee, only will know this drama behind is what. They also waiting for long

Posted by InvestorKING > 2022-04-11 14:10 | Report Abuse

Wayne,I think the scenario 1 will be more likely to happen. After announced,then can resume trading

Posted by MiaoMiao7 > 2022-04-11 14:13 | Report Abuse

Investorking, u need to take medicine. Coldeye and kyy buy this counter? U live in condo and now hope retailers will push up so that you can leave…. Nobody will touch this toxic, once trading resume, straightaway it will limit down to 5 cents

Posted by AlsvinChangan > 2022-04-11 14:14 | Report Abuse

SD is for long term investment

Posted by MiaoMiao7 > 2022-04-11 14:29 | Report Abuse

Longterm? Haha… once delist, really become long term

Posted by Sslee > 2022-04-11 14:49 | Report Abuse

So all settle. No one go to jail.

https://www.theedgemarkets.com/article/serba-dinamik-and-executive-officers-representation-conditionally-accepted-ags-chambers?type=malaysia

KUALA LUMPUR (April 11): A representation for Serba Dinamik Holdings Bhd, its chief executive officer (CEO) Datuk Mohd Abdul Karim Abdullah and its other top executive officers has been conditionally accepted by the Attorney-General’s Chambers (AGC), the Sessions Courts were told

It is understood that the company officials have possibly agreed to them being compounded rather than being charged.

This was disclosed by Serba Dinamik's counsel Mak Lin Kum, at the Court of Appeal, in a separate proceeding over its appeal over the High Court's decision on being required by Bursa Malaysia Securities Bhd to disclose the fact finding update (FFU) done by Ernst & Young Consulting Sdn Bhd.

Posted by Noni > 2022-04-11 14:49 | Report Abuse

When going to list again ? Other things not important anymore.

Posted by InvestorKING > 2022-04-11 15:45 | Report Abuse

https://www.facebook.com/105521258684593/videos/639407400645775/

Something interesting to share

Posted by Sslee > 2022-04-11 16:26 | Report Abuse

"If we do not maintain justice, justice will not maintain us."
-Francis Bacon.

KUALA LUMPUR, April 11  —  Oil-and-gas company Serba Dinamik Holdings Bhd, its CEO Datuk Mohd Abdul Karim Abdullah and three other top executives are expected to be given offers to compound the various offences they have been charged under after the Attorney-General’s Chambers (AGC) accepted representations on the matter.

Malay Mail understands that the AGC made the decision despite objections from the Securities Commission (SC) and Bursa Malaysia.

Four separate Sessions Courts were informed of the conditional acceptance of the representations made by the AGC concerning Abdul Karim, executive director Datuk Syed Nazim Syed Faisal, group chief financial officer Azhan Azmi and vice-president of accounts and finance Muhammad Hafiz Othman.

A letter of representation is a letter to the AGC that sets out reasons why they should either not press charges, drop the charges against the accused or seek a particular sentence from the court.

The conditions in their respective letters of representation were not disclosed in today’s court proceedings, but it is understood that all the accused agreed to be compounded in exchange for charges against them to be dropped.

The amount of the compound will also be decided by the SC.

Sources told Malay Mail that both SC and Bursa had argued against the compound offer, pointing out that it would negatively impact the capital markets. 

Representatives from the AGC however argued that the powers with regard to prosecution are contained in Article 145(3) of the Federal Constitution, whereby the Attorney General at his discretion may institute, conduct or discontinue any proceedings for an offence.

Following today’s decision, it is also understood that the SC would be seeking to obtain an order to bar the four accused from being a director, and be involved in the management, whether directly or indirectly, of any public company for an undisclosed term.

As for Bursa, the regulatory body had previously filed an originating summons against Serba Dinamik for breach of listing requirements and failure to disclose the fact finding update (FFU) prepared by EY Consulting Sdn Bhd in its special independent review.

Business paper The Edge reported that four Sessions Courts were informed of the representations this morning.

The newspaper added that each of the Sessions Courts set May 13 as the next mention date for their respective cases. 

An AGC representative confirmed the conditional acceptance of the representations to Malay Mail when contacted.

Posted by MiaoMiao7 > 2022-04-11 16:31 | Report Abuse

Karim scam all retailers money….

Posted by paulthesotong > 2022-04-11 16:37 | Report Abuse

aiskrim is going to have a nice HARI RAYA holiday next month. Having a lot of cash from investors is so wonderful...

Posted by neohts > 2022-04-11 16:42 | Report Abuse

The amount they pay for compound is nothing compare to the amount that goes to their bank account.
As long as can start trading is good enough for shareholders.

Posted by ǷearlꙌhite > 2022-04-11 17:03 | Report Abuse

.
InvestorKING, Coldeye, KYY and Speedmart is going to compete with Rinani Capital Sdn Bhd?
Luckily, Speedmart already in 50 million shares.
Let you all fight among yourselves to buy up all those that were scammed into selling.

What a waste of MOF ministry resources. Just because some group whats to have Serba IT and Serba Space for themselves. Look at the mess with MySj and Edtomo. Tsk Tsk Tsk. All fighting over billions of Ringgit, even bigger than DNB $.

They created fake issues to put SD into bad light. Now AGC also know real falsehood.

Even AGC have to put up a show to bail out SC/Bursa. Really memalukan.

Anyway, more to come and will reveal more.
.

The head of MOF really do this kinda things to help himself and his political group to the $.
.

Posted by RexKing > 2022-04-11 17:06 | Report Abuse

Lesson of the day if there have warning from auditor about fraud company better dump all its share unless you want be gamble day trader or loss all your profit and capital.. Invest on your own risk...

Posted by ken2004 > 2022-04-11 17:08 | Report Abuse

Sorry to said, start trading, who dare to buy, waterfall to penny stock and this is the optimistic view only....

Posted by ken2004 > 2022-04-11 17:22 | Report Abuse

Maybe sapura will be the example once listed.........

Posted by paulthesotong > 2022-04-11 17:26 | Report Abuse

Many of u heard about WAR CRIME.. CRIME AGAINST HUMANITY..but its obviously is CRIME AGAINST INVESTORS!

Posted by AlsvinChangan > 2022-04-11 18:21 | Report Abuse

Karim and gang is drinking coffee with gov lawyers Attorney-General’s Chambers

settlements very soon, good progress being make to cut a deal

Posted by ValueInvestor888 > 2022-04-11 18:33 | Report Abuse

investors who suffer hugh losses how? it would negatively impact the capital markets if settled by compound...

Posted by MiaoMiao7 > 2022-04-11 20:24 | Report Abuse

Karim is the most black hearted CEO ever. Other companies when caught doing fraud they kept quiet, but karim go say 'never do anything wrong' and misled retailers to average down.

have he ever thought about retailers' hard earn money? he couldn't care less, to him, he is the most important person in this world.

evil.... now he is rich and with all the money he cheated from the banks... he will enjoy his life while many retailers suffer.

Posted by ken2004 > 2022-04-11 20:49 | Report Abuse

So, serba change new management since all this top guy supposed to be barr from holding any position by SC for don't know how long? Or just talk only?

Posted by EVO118 > 2022-04-11 22:26 | Report Abuse

This is Malaysia Boleh. Anything can be fixed if you have the right connections. Talk to BossKu, money is King. Bit of Kopi-O and everything will be "KawTim". You want a Tan Sri also can organize.

Posted by Jarklp > 2022-04-11 23:12 | Report Abuse

AGC is abusing its power... shame on you AGC

Posted by Ravi Kumar > 2022-04-11 23:16 | Report Abuse

I feel sorry for the shareholders who have seen the share drop from RM 1.90 to 30+++ sen. Wonderful MALUSIA

Posted by MiaoMiao7 > 2022-04-12 00:01 | Report Abuse

someone organize a protest.... but no, many still believe in Karim and pray that the stock price will go back to pre-KPMG price.

Posted by Huangbk72 > 2022-04-12 06:33 |

Post removed.Why?

Posted by dompeilee > 2022-04-12 07:07 | Report Abuse

Karam learn from Najib & Jho Low...M'Sia truly boleh any skullduggery! lol