Posted by DannyArcher > 2022-04-20 13:45 | Report Abuse

PearlWhite next article - Karim was forced to pay RM3m compound because.....

Posted by DannyArcher > 2022-04-20 13:45 | Report Abuse

If Karim says Satan told him to fake the account, PearlWhite will believe.

Posted by i3lurker > 2022-04-20 15:26 | Report Abuse

"do nothing wrong"
"360 degree" turn in paying small compound purely due to donating to SSM for Hari Raya.
"Shoplot Auditor" highlighting "minor issues" of which management is "not aware"
"Why now?" because we want to make donations so that people will be "less jealous"
we "sue Bursa" and "sue auditors" coz we want to prove a "conspiracy"

DannyArcher

PearlWhite next article - Karim was forced to pay RM3m compound because.....

1 hour ago

Posted by tradersampah > 2022-04-20 15:37 | Report Abuse

any chance ke dagang semula?

Posted by PenguinSociety > 2022-04-20 16:22 | Report Abuse

you guys are still here?

Posted by superrr > 2022-04-20 16:53 | Report Abuse

Itu Sudah hancur long ago....

Posted by superrr > 2022-04-20 16:55 | Report Abuse

PearlWhite was forced by karam to writes the article KA ??

Posted by SHQuah > 2022-04-20 17:49 | Report Abuse

Pearl White could be Karim himself or his lawyer.
Tell Karim, if company delisted or close down, a lot of people will lose their job.
Allah will punish you. People will not forgive you. Karma.

Posted by 8dragon > 2022-04-20 17:51 | Report Abuse

Wasting time only this forum, all talk nonsense...SD die or survive let the authorities to decide, I you and me just accept the final verdict....

Posted by Dragonflies123 > 2022-04-20 18:29 | Report Abuse

Aiyaaa... so long issue being talked and talked looked like titanic laaa...

Posted by ǷearlꙌhite > 2022-04-21 08:47 | Report Abuse

.
How convenient for a particular media company not to report this.

https://codeblue.galencentre.org/2022/04/05/khairy-i-have-nothing-to-hide-on-mysejahtera/

When the current Rembau incumbent loses his seat, will we see a restructuring at SC and Bursa for the SD fiasco? Will MACC take action against the officers of SC and Bursa?

More to come.
.

Posted by neohts > 2022-04-21 10:12 | Report Abuse

PearlWhite came back.

But no update on SD current status and re structure plan ?

Posted by Depeche > 2022-04-21 10:48 | Report Abuse

TheEdge is attacking SD continuously, article after article, now trying to stir minority shareholders because SD served them a letter of demand.... the catfight continues...LOL

Posted by DannyArcher > 2022-04-21 12:23 | Report Abuse

ǷearlꙌhite, please dont change topic. Focus on Serba, the 59 stamps, the compound. We are all waiting for your articles.

Posted by DannyArcher > 2022-04-21 12:24 | Report Abuse

May 9 got a huge bond coming. how? until now Serba Management still dont have any plan to rescue Serba, but went all in to rescue Karim and gang. shareholders are pawns, to be used and throw away like condom.

Posted by DannyArcher > 2022-04-21 12:26 | Report Abuse

The group is currently under Practice Note 17 (PN17) status, with another eight months to come up with a regularisation plan by January 2023 or risk being delisted. It has yet to appoint an adviser to firm up a regularisation plan.

https://www.theedgemarkets.com/article/compound-may-end-serba-dinamik-officials-nightmare-not-minorities

Dragging their feet.... they just want Bursa to delist them so that they can point finger at Bursa.

Posted by Jack Khan > 2022-04-21 13:31 | Report Abuse

0.5 cents if bursa lift the suspension. This will make karim lost all his wealth as he borrow some to buy its share. As for now banks cannot ask their money back as the counter still under suspension.

Posted by i3lurker > 2022-04-21 17:53 | Report Abuse

no worries
the solution is for Karim to be appointed as:-
Chairman of SC
Chairman and CEO of Bursa
Chairman of MACC
Attorney General of Malaysia
and lastly
Chairman of i3Investor so that all unfriendly forumers will be banned 1,000 years or forever whichever is more applicable.

Posted by SHQuah > 2022-04-21 19:31 | Report Abuse

F him. K him.

Posted by 8899EL8899 > 2022-04-21 20:50 | Report Abuse

if karim able to settle problems with bursa & SC,.......i believe,....he will give you another surprise,....... solving serbadk problems

Posted by Haru_Joy > 2022-04-21 22:24 | Report Abuse

FFU announced. Trading to be lifted.

Posted by Legend > 2022-04-21 22:46 | Report Abuse

KUALA LUMPUR (April 21): Serba Dinamik Holdings Bhd has questioned the Securities Commission Malaysia's (SC) motive to press charges against the company in its lengthy reply to the court order dated Feb 7, 2022.

The oil and gas service provider, which is embroiled in audit issues, argued that the SC is obliged to prove that each and every director knew that the statement was false and caused it to be announced as it believes that the way the charges were framed was that the responsibility for the alleged false statement rested on the (Serba Dinamik) board.

“What is of course not explained in the press is the fact that the SC did not cause charges to be brought against the entire board but only against selected directors and persons who were not directors. This is for SC to explain,” it said.

To recap, in December last year, the SC pressed charges against Serba Dinamik’s directors and officers for submitting false information to Bursa Malaysia, an offence under Section 369(a)(B) of the Capital Markets and Services Act 2007 (CMSA).

SC also secured a warrant of arrest against the company’s chief executive officer and group managing director Datuk Mohd Abdul Karim Abdullah.

Meanwhile, Serba Dinamik also argued that the SC should provide a document that shows how entries amounting to RM6.014 billion were entered into the ledgers of the company and how such entries constitute false statements.

“What is of course necessary is that the alleged false statement is specifically the cumulative revenue figure in the announcement of the 4th quarter results, being results for Dec 31, 2020.

“The cumulative revenue figure for the 4th quarter is a cumulation of the revenue for the 1st, 2nd, 3rd and 4th quarter of the 2020 financial year.

“It is therefore surprising that the SC does not allege that the revenue figures for the first, second and third quarters are false,” said Serba Dinamik.

The group added, the SC has not shown how the entries in the accounting records of Serba Dinamik Sdn Bhd, a subsidiary of Serba Dinamik, could contribute to the cumulative revenue figure for the fourth quarter.

Serba Dinamik also alleged that the SC had threatened the staff of the company by offering them to become witnesses against the company and the management.

The group claimed that SC informed the relevant staff that they would not be charged by SC if they were to accept the offer.

“The SC should explain why the investigation is being continued even after the charges were made.

“The fact that charges were brought before investigations were completed suggests that the bringing of the charge and the subsequent refusal to serve documents on the company gives rise to the inference that the charges were made not to secure a speedy trial, but was motivated by other improper factors which only the SC can and should explain,” the group said.

Posted by zoizai > 2022-04-21 22:58 | Report Abuse

Ppl not interested in SD anymore. Please lift suspension, let it trade at 0.005

Posted by izoklse > 2022-04-21 23:52 | Report Abuse

Aiyo SD already sense something fishy with SC charges. What is going on with SC actually. Everybody want to know. SC should come clean with this and now so many allegation come to hunt SC. In the first place why that charges and why not go for trial if SC really have the document evidence and can nail those crock. But now everybody sense something is not right with SC and its charges.

Posted by Depeche > 2022-04-22 00:33 | Report Abuse

SD's arguments are valid.

Posted by nikicheong > 2022-04-22 02:15 | Report Abuse

What a laughing stock. Serba Dinamik is just a $#!tshow. I hope all those responsible for the grave fabrication of the facts and figures will rot in jail. RM3mil fine is nothing, the it is but a small drop in the bucked for the White Rajah of Sarawak

Posted by Huangbk72 > 2022-04-22 05:54 | Report Abuse

Same pattern

Talk and talk and talk..

No further action..

Posted by newtrader1989 > 2022-04-22 06:44 | Report Abuse

Yaaawn, Already feel sleepy after reading first 3 pages

Posted by zoizai > 2022-04-22 06:52 | Report Abuse

Lift suspension ?

Posted by Huangbk72 > 2022-04-22 07:49 | Report Abuse

Same old stories actually. Nothing new.

If SD so confident, press for full trial

No need work out settlement with AGC.

If you pay fine, means you admitting guilts

SD you Kapish?

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

If innocent, then fight in court lah, why need to settle for compound? and how the 59 stamps appear in the office?

Posted by 8899EL8899 > 2022-04-22 09:15 | Report Abuse

as long as substantial shareholder sarawak state government keep quiet,........karim will be okay,.......everything can be swept under carpet,........APA MAU MALU, BOSSKU,......betulkah?

Posted by 8899EL8899 > 2022-04-22 09:23 | Report Abuse

malaysia boleh !,......karim boleh !,......najib boleh !,........

Posted by Haru_Joy > 2022-04-22 10:05 | Report Abuse

Apa cerita Bursa? Boleh lift suspension? Or Ada story lain?

Posted by superrr > 2022-04-22 10:09 | Report Abuse

Yeah karam boleh Ayam Mati.......

Posted by ǷearlꙌhite > 2022-04-22 10:37 | Report Abuse

.
This has been going on for far too long. Since August 2021, the perpetrators, their malicious plans and actions were known to many, except for the "minority" shareholders.

Creating "unsubstantiated" aka fake audit issues with SD by way of abusing the MOF institutions to get SD on its knees? Utilising the financial institutions systems and processes to freeze SD's liquidity?

Furthermore, a particular media has been complicit in the attempts to put SD in bad light. Being directed to do so in conjunction with SC and Bursa.

Clearly an abuse of the government machinery and its institutions to enrich those in the corridors of power at the expenses of Malaysians.

Will MACC take action against the perpetrators who planned and executed this atrocious act against SD?
Will MACC to take action against person/(s) in SC, Bursa and a particular media company?

Pity those "minority" shareholders who fell hook line and sinker into the fake narrative expunged by those who abused the system.

It is now time to end this.

They are now pushed into a corner, and them making amends wouldn't help. Justice must be meted out.

Expose them, in conjunction with Mysejahtera issue, and remove them from all offices of government.

More to come.

.

Posted by TreeTopView > 2022-04-22 10:52 | Report Abuse

Paranoia can be a cruel mistress.

Posted by Huangbk72 > 2022-04-22 10:54 |

Post removed.Why?

Posted by Huangbk72 > 2022-04-22 11:04 | Report Abuse

Analogy.

SD has brain cancer.. Terminal stage. 2 months to live.

Instead of talking about the head, using media to talk about hands not able to hold pencil, feet cannot walk..

The crux of the problem is not the body.. its the head. FRAUD accounting.

None of the articles so far dare to touch on this subject.

Very same reason SD lost all their court cases.. till have to pay fine to escape from criminal cases.

Posted by DannyArcher > 2022-04-22 11:13 | Report Abuse

pearlwhite gila already.
pearlwhite is saying gov created this fake 'fake auditing' issue?
the only fakery is karim himself.
fake invoices, fake 59 stamps, fake projects, fake promises, fake income, fake fake and fake.

if innocent, then fight in court lah, why go find AGC and settle?

pearlwhite gambled and lost.
go buy the dip thinking can rebound,
when KPMG issue struck, pearlwhite was anti-karim,
he thinks by bad mouthing in i3 he can push the price down and then buy at bottom and profit if it rebound,
mana tahu got trapped and now become gila.

gamble lah, gamble somemore.
since you think u got superpower to push the price down, why dont you push the price up by writing even more articles?

Posted by Sslee > 2022-04-22 11:27 | Report Abuse

Meanwhile, Serba Dinamik also argued that the SC should provide a document that shows how entries amounting to RM6.014 billion were entered into the ledgers of the company and how such entries constitute false statements.

“What is of course necessary is that the alleged false statement is specifically the cumulative revenue figure in the announcement of the 4th quarter results, being results for Dec 31, 2020.

“The cumulative revenue figure for the 4th quarter is a cumulation of the revenue for the 1st, 2nd, 3rd and 4th quarter of the 2020 financial year.

“It is therefore surprising that the SC does not allege that the revenue figures for the first, second and third quarters are false,” said Serba Dinamik.

Question: Sometime I wonder why criminals are now so empower to the extend that they can simply pick on point of law/meaning of word as they feel fit to rebutt when even a layman should know the charge as:
The Securities Commission Malaysia (SC) today charged Serba Dinamik Holdings Berhad (Serba Dinamik), its director and officers for submitting a false statement to Bursa Malaysia Securities Berhad, an offence under section 369(a)(B) of the Capital Markets and Services Act 2007 (CMSA).

According to the SC’s charges filed at the Kuala Lumpur Sessions Court, the false statement is in relation to the revenue figure of RM6.014 billion contained in Serba Dinamik’s Quarterly Report on Consolidated Results for the Quarter and Year ended 31 December 2020.

It simply mean the cumulative revenue is fault with creating fictitious sales/clients, causing falsified revenue. (Can Serbadk rebutt the present of fictitous sales /clients and also fictitious suppliers?

And by the way if no fictitous sales/clients and suppliers then why the need for impairment of trade receivables and inventories?

Posted by Huangbk72 > 2022-04-22 11:37 | Report Abuse

Criminals like SD can issue all the articles they can..

Cos they know the opposing parties like auditors, SC, Bursa will not reply on media.

They like to slap other parties, knowing there wont be retaliation.. haha

Posted by Ongserb > 2022-04-22 11:39 | Report Abuse

Ha, look like the real can of worms begin to surface.

Posted by TreeTopView > 2022-04-22 11:55 | Report Abuse

It appears that even KPower are attempting to distance themselves from their previous major shareholder, by rebranding and clearly stating that Mr. Karim is no longer a substantial shareholder.
".............and its leadership shift and continuity from the former management”, KPower said.
https://www.theedgemarkets.com/article/kpower-proposes-name-change-reneuco

Coincidently, with his resignation from KPower in January this year, a sum of around Rm750 Million evaporated from their order book. In October 2021 KPower were citing an order book of Rm1.9 Billion, a quote from a research report October 6 2021, "At present, KPower’s outstanding orderbook stands at RM1.9bn which provides earnings visibility for the next 2-3 years." . however by January 2022 that decreased to Rm1.158 Billion........bottom section of page states order book at January 2022.......https://www.kpower.com.my/key-milestones

Posted by AlsvinChangan > 2022-04-22 12:33 | Report Abuse

SD side of story seems logical and matured

Professional wise is very entertaining

Posted by Sslee > 2022-04-22 12:45 | Report Abuse

What logical is that, if you have done no wrong and do not have fictitous sales/clients and suppliers then why not prove to auditors the sales/clients and supplier are legitimate.

Why drag the company and sharehohders to this endless madness.

Posted by paulthesotong > 2022-04-22 12:53 | Report Abuse

This conpany shouldnt be in O&G,,,IT biz should in Entertaiment Ind.. day day hot breaking news.... plot also be in Korean Drama..

Posted by Haru_Joy > 2022-04-22 12:54 | Report Abuse

Why Bursa still quite not lifting suspension. Still finding other story?...Apa macam

Posted by paulthesotong > 2022-04-22 12:58 | Report Abuse

Let wait whether SD n gang can pay its compound fine within 14 days.. if cannot how?

Posted by Huangbk72 > 2022-04-22 13:04 | Report Abuse

LOL

paulthesotong

This conpany shouldnt be in O&G,,,IT biz should in Entertaiment Ind.. day day hot breaking news.... plot also be in Korean Drama..

9 minutes ago