The investigation related to the police report made in NS Police Contingent is now elevated to TOP PRIORITY and it is to be conducted by Bukit Aman now. Look like storm is coming very soon
according to a research by intellecpoint.com, the writer is not comfortable with the relatively small and unknown auditor John Lim & Associates whose firm also happened to be the company secretary of LIIHEN. So there is a lot of integrity and transparency issue with LIIHEN.
"If one has fear as what happened to companies like Kimble and Kenmark, I think the balance sheet as well as their cashflows would have buried that fear. And they are audited by renown auditors - Latitude by EY, Classic by KPMG, Homeritz by Crowe Horwath, while maybe the auditor - John Lim and Associates - which I am not too comfortable is the one hired by Lii Hen." (Readchttp://www.intellecpoint.com/2013/05/whats-with-furniture-business.html
liihen 90% sales are denominated in USD. The USD had appreciated by more than 9% against ringgit since March/April. With the strong USD, yet the sales of Liihen is still down and dividend cut in half. What do you think is cooking in the furniture factory?????
Liihen = David Goh. Although we can see David Goh is buying today through his trademark 888 buyers or sellers, if any of the land mines detonated, I think he also cannot tahan :) :)
Sources closed to the police confirmed that Bukit Aman, the Headquarter of the Royal Malaysian Police (PDRM) had taken over the investigation on the alleged misuse of company's funds and elements of criminal breach of trust by certain directors of Lii Hen in 2004, from the Negeri Sembilan Police Contingent where the complaint was initially lodged.
The investigation is now given a higher priority in view of the amount involved ($150 million) and allegation of interference by third party at the Negeri Sembilan Police Contingent. The case had been classified as cheating/criminal breach of trust under Penal Code 420 and 406.
pretty sure david goh the remisier knew a lot of things in liihen that sc don't. Not sure if he is the one who reported to the police. if is him, the directors cannot sleep tight oh
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Posted by janetooi001 > 2013-08-28 11:06 | Report Abuse
大亊不妙啦! 聼說警察縂部已接手調查森州立案的Lii Hen䅁件. 那森州警察有关的調查官也已被調走. Bukit Aman非常重视此案, 並己設立一個特別調查小组于於跟进.