Posted by BobAxelrod > 2022-04-24 13:31 |

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Posted by 8899EL8899 > 2022-04-24 13:49 | Report Abuse

look like delist serbadk will be the final path,......karim is choosing this way,.....

Posted by gemfinder > 2022-04-24 13:51 |

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Posted by ken2004 > 2022-04-24 14:09 | Report Abuse

PN17 can be continue trading, just expect worst scenario, to penny stock......seems the management are fighting for their own reputation instead of the company future, just think where their confidence come from.......weird why the rest of main shareholders not forcing out the current management instead.....

Posted by BobAxelrod > 2022-04-24 14:15 | Report Abuse

To be place under PN17, there are many causes and reasons.

For SD, the Debts and Accounting issues needed to be cleared before trading can resume.

Please feel free to correct me, thanks.

Posted by 8899EL8899 > 2022-04-24 14:20 | Report Abuse

really shocking,..... why sarawak state government, KWSP, KWAP, PNB not taking any legal action on karim,.....they are big loser,...why sit quiet,....they have their own legal team & capacity to do something,......

Posted by BobAxelrod > 2022-04-24 14:23 | Report Abuse

8899, so sorry for your losses, but you've be asking the same question over and over again since Adam and Eve stole their first kiss.

Posted by SHQuah > 2022-04-24 14:31 | Report Abuse

Waiting for Pearl White more to come......at the end of the day, let see who's the winner or loser.

Posted by SHQuah > 2022-04-24 14:41 | Report Abuse

Very Interesting reading comments from SSLee and Pearl White.

Posted by 8899EL8899 > 2022-04-24 14:53 | Report Abuse

people invest in institution control company because they are consider save investment,.......got big body look after & protect their investment,......

Posted by Sslee > 2022-04-24 15:08 | Report Abuse

https://www.theedgemarkets.com/article/sc-serba-dinamiks-allegations-26page-statement-are-baseless-and-malicious?type=malaysia

SC rejects Serba Dinamik’s ‘baseless and malicious’ allegations in 26-page statement
2 hours ago

By Syafiqah Salim | theedgemarkets.com | 2022-04-24 12:44:33
KUALA LUMPUR (April 24): The Securities Commission Malaysia (SC) has rejected Serba Dinamik Holdings Bhd’s allegations that the regulator had acted in bad faith against the oil and gas company and had not followed procedures in discharging its duties.

“As the statutory body mandated by Parliament to regulate the Malaysian capital market, the SC is charged with the responsibility of maintaining trust and confidence in the capital market.

“Its enforcement action against Serba Dinamik was undertaken in the public’s interest, to promote the integrity and reliability of financial statements of public listed companies.

“The SC denounces any attempts to intimidate the SC or its officers and undermine its authority and credibility,” the regulator said in a statement on Sunday (April 24).

The statement comes a day after the regulator lodged a police report against Serba Dinamik over the company’s announcement on Thursday, which included a 26-page filing, that the SC said “contained statements that are baseless and malicious, and which may have the effect of misleading or confusing members of the public and/or paint a negative image of the SC and its officers”.

The SC noted in its statement that the bulk of the allegations made by Serba Dinamik against the regulator were issues and arguments put forward in various High Court proceedings filed by Serba Dinamik, which have since been dismissed by the court.

“In this regard, the SC wishes to state that investigations regarding this matter was conducted in accordance with its statutory powers and established processes and procedures, and categorically rejects the claims by Serba Dinamik as being without any merit,” it said.

The SC denied that it failed to hand over documents relating to this case, saying “substantial” documents, which will be tendered by the prosecution during trial, were in fact provided to Serba Dinamik pursuant to Section 51A of the Criminal Procedure Code (CPC).

It said the documents were provided in separate batches on Jan 27, Feb 25 and April 8.

Posted by ǷearlꙌhite > 2022-04-24 15:25 | Report Abuse

.
The abuse of MOF machinery saw the Rakyat suffer, not only minority shareholders.

EPF, PNB, LTH, Amanahraya, KWAP disposed SD shares since the fiasco. Apart from the now 10% being held right now by all of them, you are looking at nearly RM1 billion ringgit of losses.

That's 20% of what PNB lost in Sapura Energy.

Get rid of the abusers.

Macc take action swiftly. Having political interference and involvement in the financial regulatory body is downright alarming.
.

Posted by DannyArcher > 2022-04-24 15:49 | Report Abuse

pearlwhite still thinks EPF and KWAP still owns shares in Serba. my sweat sweat sweat innocent child. oh my.

Posted by 8899EL8899 > 2022-04-24 15:58 | Report Abuse

KWAP, KWSP, PNB, sarawak state government have their representative in serbadk`s board of directors,......allow karim to do the fraud in company,.....i think awang know about it very early, he sold serbadk shares 1 year ago.

Posted by steven_c > 2022-04-24 16:33 | Report Abuse

Pearl White, sebenarnya EPF, KWAP dan Amanahraya tidak mempunyai pegangan syer SD lagi. Hanya PNB, LTH, Lembaga Kmjn Bintulu and State Secty Swk je yang masih ada. Itu pun boleh dilihat dalam senarai pemegang saham AR2021 Serbadk. Atau ertinya maklumat AR2021 mengenai pemegang saham terbesar 30 ke-atas berbeza dgn maklumat terkini?

Posted by 8899EL8899 > 2022-04-24 19:02 | Report Abuse

awang make a lot of money from serbadk,.......he use the money to buy minetech & aimflex,......if you have enough evidence , you can sue awang for hiding karim fraud ,.....he did not lodged police report on the matter early.

Posted by Huangbk72 > 2022-04-24 19:24 |

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Posted by BobAxelrod > 2022-04-24 19:24 |

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Posted by BobAxelrod > 2022-04-24 19:28 |

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Posted by Huangbk72 > 2022-04-24 19:30 | Report Abuse

When in doubt or confused, go back to the source of SD problem.

It started when KPMG red flagged dubious transactions. This remains unchanged.

EY confirmed KPMG findings from their FFU.

Even if SD succeeded in blocking this FFU by EY.. the problem will go away? There is still outstanding report by KPMG.

Only option is to prolong this saga and appoint Deloitte or PWC to do the FFU...

Probably wait another 5 years.. hahhaha

Posted by paulthesotong > 2022-04-24 19:44 | Report Abuse

https://www.sc.com.my/resources/media/media-release/sc-lodges-police-report-against-serba-dinamik

Posted by BobAxelrod > 2022-04-24 20:02 |

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Posted by 8899EL8899 > 2022-04-24 20:28 | Report Abuse

all former directors of serbadk were neglected in carry out their duty,.......they were aware karim fraud from beginning,.......they didn`t stop it ,.......all of them shall responsible for karim fraud,..... investors can sue them to recover their losses in serbadk,............don`t keep silent, wake-up,....... look at 1MDB case,.......how much money malaysia government have recovered,.......you should give thumb up to PH & tommy thomos

Posted by purple70 > 2022-04-24 22:35 | Report Abuse

SC n BURSA should answer every matter of serious concern raised in the 26 page letter.

My professional work experience w BURSA and SC and MErchant bankers had been that these are bunch of bench warmers who does no value add to the economy! They sit pretty - except that they have laregr number of mixed races there - and toss around rules of their own to protect themselves and of course whoever that takes care of them!

Dont think these SC, BURSA and MERCHANT BANKERS fellow are clever or saint...they can be as bad as NATIONAL EMBARASSMENT...Check their lifestyles!

Posted by purple70 > 2022-04-24 22:36 | Report Abuse

Dec 2020 accs not out yet and SC , BURSA, Co's Commission cant do anything of it?

This is another NAtional embarrassment on FATLY PAID Authorities!

Posted by 8899EL8899 > 2022-04-24 23:01 | Report Abuse

look at 1MDB case, every single individual involved being nailed down, money recovered,.............karim is not afraid of you as shareholders,......he scared your lawyers,.....

Posted by SorosMalaya > 2022-04-25 03:51 | Report Abuse

Wow Pak karim still keras kepala AHAHAH now SC make police report on serba dinamik , this case never end and will drag till next year , move on guys , anggaplah wang korg dah burn kat serba dinamik :')

moral of the story never invest on "malay" company , because too many kroni nk kena jaga . Same like Brahim & sapura :)

Posted by Huangbk72 > 2022-04-25 06:08 | Report Abuse

Thanks Bob..

Hopefully the real Axe comes back for S7. He is a much better adversary for Chuck.

SD is such a clear cut case.. as clear as crystal

Remember when Kacang Putih used to quote “ I have seen EY report that objected to KPMG findings and hold a copy in my hand”
Now we have another joker in his mould saying “ I have seen the EY and SD contract and it says the report must be signed”

Too many of these jokers come, make some noise, proven wrong eventually.

Posted by 8899EL8899 > 2022-04-25 07:55 | Report Abuse

do you know what FFU for?,............it is for you to take the legal action on them,........SC have paving a road for you to do so,.........

Posted by BobAxelrod > 2022-04-25 08:28 |

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Posted by BobAxelrod > 2022-04-25 08:36 |

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Posted by neohts > 2022-04-25 08:57 | Report Abuse

Karim screw up every thing, later everyone line up screw him from behind.

Posted by BobAxelrod > 2022-04-25 09:29 | Report Abuse

Know the difference between a "screw up" and a "well thought out, pre-planned, and an entrapment"??????????????????

What's the difference between Murder 1 and Manslaughter??????

Posted by BobAxelrod > 2022-04-25 09:39 |

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Posted by BobAxelrod > 2022-04-25 10:33 |

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Posted by Huangbk72 > 2022-04-25 10:45 | Report Abuse

No worries Bob.

The criminal element doesnt stop at AGC interference.

FFU cannot be released at all cost... cos once its out, bondholders, creditors, busybodies and shareholders can go after SD.
AGC has no control over this part and chances of SD losing is super high.

Many high profile cases in Malaysia.. released by court, arrested at the same court and charged under a different law.

There is simply NO solution in sight for SD since they chose this route. Unless they takeover KPMG and rescind the audit report... LOL

Posted by 8899EL8899 > 2022-04-25 11:11 | Report Abuse

bobaxelrod,........ i think you are lawyer ,.......what you think investors should do now,......please advise,......

Posted by purple70 > 2022-04-25 12:06 | Report Abuse

“As the statutory body mandated by Parliament to regulate the Malaysian capital market, the SC is charged with the responsibility of maintaining trust and confidence in the capital market.

What a brag SC does to itself, full of fat cats who is used to goad and torment folks dealing w them (ie the listed company, Audit firms, merchant bankers but strangely not lawyers).

If SC ever had any shame or intent on protecting itself from embarrassing attacks by more listed firms, SC and BURSA too should immediately undertake private legal action on it's own capacity to sue SD!

Would they do so even with the huge war chest and easily affordable Doberman HIGH STREET lawyers?
They wont as the truth is not on their side and their subject matter expertise is of shoving LISTED CO's up the A S S!

Posted by Huangbk72 > 2022-04-25 12:37 | Report Abuse

Huh?

Why would SC deal with audit firms? Merchant bankers? listed companies?

SC will only deal with you if they detect a problem.

All dealings is with Bursa.

Posted by BobAxelrod > 2022-04-25 12:48 |

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Posted by ǷearlꙌhite > 2022-04-25 12:58 | Report Abuse

.
The minorties who are the loudest of them all with nothing to offer are way behind the curve on this SD fiasco.
.

Posted by BobAxelrod > 2022-04-25 13:00 |

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Posted by BobAxelrod > 2022-04-25 13:24 |

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Posted by Haru_Joy > 2022-04-25 14:02 | Report Abuse

SC should make appeal to AGC if you have strong evidence. Or you don't have? Shame shame

Posted by BobAxelrod > 2022-04-25 14:12 | Report Abuse

My question duly answered..........sigh!

Posted by SHQuah > 2022-04-25 18:24 | Report Abuse

Pearl White, now waiting for what ? Police investigation? MACC report? Q1 2022 results?

Posted by paulthesotong > 2022-04-25 18:43 | Report Abuse

Really, does it have valuable assets to dispose or unsellabe assets?..cant find in AR!

Posted by BobAxelrod > 2022-04-25 19:02 | Report Abuse

What AR? 2020 not submitted, 2021 not done....unless you were looking at 2018, which has spilled coffee, tomato sauce, stinking cat fur balls, soy sauce and some sesame seeds on those pages.........hehehe

Posted by BobAxelrod > 2022-04-25 19:03 | Report Abuse

Cooked pages.....cooked books.....comprandre????

Posted by ǷearlꙌhite > 2022-04-25 19:06 | Report Abuse

.
Since August 2021, many were aware of what was happening except you lot here. Courtesy of some, fortunately, here are some of the information you require.

https://anotherbrickinwall.blogspot.com/2022/04/serba-dinamik-idris-haron-answerable-sc.html

After reading that, read these

IT
https://www.thestar.com.my/business/business-news/2021/05/07/serba-dinamik-to-list-on-nasdaq-via-data-knights
https://www.astroawani.com/berita-malaysia/serba-dinamik-bangunkan-algoritma-kesan-covid19-menerusi-bunyi-batuk-331103
https://focusmalaysia.my/serba-explores-cashless-parking-system-venture-with-melaka-state-govt/
https://www.e-serbadk.com/serba-dinamik-lancar-internet-satelit-mysurfi-di-larut-perak-bernama/

Satellite
https://www.thestar.com.my/business/business-news/2021/12/13/serba-dinamik-plans-to-have-its-own-satellite-in-35-years---ceo
https://www.theedgemarkets.com/article/frankly-speaking-satellite-can-wait%C2%A0

Aerospace
https://www.e-serbadk.com/pameran-aeroangkasa-di-majlis-perlancaran-pelan-tindakan-bumiputera-2030-anjuran-teraju/

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

Once done reading, SD has Political (Ismail) and Ruler Support. WHY did SD do this?
https://www.e-serbadk.com/dymm-sultan-ibrahim-ibni-almarhum-sultan-iskandar-berkenan-menerima-menghadap-dato-dr-ir-ts-mohd-abdul-karim-di-kuala-lumpur/

WHO IS CAUSING PROBLEMS TO SD?
https://www.bharian.com.my/berita/nasional/2022/04/941125/tun-m-sahkan-jumpa-muhyiddin-dua-minggu-lalu
https://themalaysianreserve.com/2022/04/05/an-independent-commission-must-investigate-the-mysejahtera-debacle/

You make your own inference.