news

Ex-Transmile boss appeals against conviction

Once a darling stock on Bursa Malaysia, Transmile was caught in an Enron-esque accounting scandal in 2007 after auditors concluded that the results for the financial years ended December 2005 and 2006 were grossly overstated.

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Ambrin: Instructions to amend 1MDB audit report came from Ali Hamsa

During cross-examination today, defence counsel Datuk N Sivananthan, who is representing 1MDB's former president Arul Kanda Kandasamy, asserted that although there were suggestions and requests to drop certain parts of the audit report, the ultimate decision on removing and/or tampering with the report was still the onus of Ambrin.

However, Ambrin defended that since the order came from the government, he felt the pressure to comply with the requests.

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