Showing posts with label Forensic Accounting. Show all posts
Showing posts with label Forensic Accounting. Show all posts

Thursday, May 22, 2008

Kemusykilan Penggabungan ECM Libra - Avenue




Satu ulasan yang sangat menarik untuk dikaji dan dianalisis. Tuduhan dan kenyataan yang dibuat perlu dipertimbangkan dan dikaji dari aspek forensik perakaunan. Artikel di bawah dipetik dari laman web mykmu.net.

http://mykmu.net/modules.php?name=News&file=article&sid=5142

Apa pandangan dan tindakan pihak berkuasa seperti Security Commission, Suruhanjaya Syarikat Malaysia dan Bursa Malaysia.

Analisis dan kajian hendaklah dibuat dengan ‘tanpa prejudis’ agar kesimpulan dan pertimbangan dapat dibuat dengan objektif bukan dengan emosi.

Wallahu'alam

Who Get the Benefit ???


Artikel ini disumbangkan oleh rakan seperjuangan. Rakan penulis ini adalah seorang pelajar Master di dalam jurusan Forensic Accounting and Financial Criminology di salah sebuah IPTA tempatan)

When the Ninth Malaysian Plan (9MP) was unveiled, most of the businessmen especially contractors queried whether they can be considered to involve in the mega projects as the main contractor or at least to get some portion of the job. When the announcement was made most of the mega project would go to the Government Linked Companies (GLC) without them even bidding for it [ GLC are defined as companies that have a primary commercial objective and Malaysia Government has direct controlling stake. The controlling stake not only as major shareholder but Government has ability to appoint Board of Directors member, senior management and make major decision.]

For example, Pak Lah has announced that the construction of second Penang Bridge has gone to UEM Group which will partner with Chinese firm.[ UEM Group’s holding company is United Engineers (Malaysia) Berhad, a wholly owned by Khazanah Nasional Berhad – the Malaysia Government’s instrument arm ]. UEM Group has agreed to hold 49% stake in the joint venture with JV Construction of China Harbour Engineering Co. (CHEC) . The Chinese counter part will provide a big portion of the funding (recently RM2.7billion loan agreement has signed).

One mega project at the down south of Malaysia has gone to Malaysian Resources Corp Berhad (MRCB) which estimated at RM1billion cost of construction the Eastern Dispersal Link (EDL). This highway would run through the Iskandar Development Region and end at Johor Bharu. [The major shareholder of MRCB is Employees Provident Fund (EPF) Board]

From the example above, it has become very clear that only GLC will feature in the economic zones that are being mapped out under the 9MP. Why is that the case? What happened to open tenders? Why not consider non-GLC which have proved their worth overseas? Whether any crony company would also get some portion of the job?

Wednesday, May 21, 2008

MV Agusta

Purchase and sale by Proton

Kenyataan di bawah dipetik dari website Wikipedia. http://en.wikipedia.org/wiki/MV_Agusta

Heavily indebted, the manufacturer was bought by Malaysian carmaker Proton in December 2004 for 70 million euro. In December 2005 however, Proton decided to cut its ties with MV Agusta and sold it to GEVI SpA, a Genoa-based financing company related to Carige, for a token euro excluding debt.

In 2006 that financing company, GEVI SpA, with 65% of the share capital, had refinanced MV Agusta, and by so doing allowed the company to continue, and brought MV Agusta ownership back to Italy.

Husqvarna sale to BMW

In July 2007 MV Agusta Motor S.p.A, sold the Husqvarna motorcycle brand to BMW Motorrad for an undisclosed amount. Accorting to MV Agusta president Claudio Castiglioni, the sale was a strategic step to concentrate all of the company's resources in order to expand MV Agusta and Cagiva presence in the international markets having more financial resources for new models development.

Persoalannya, adakah tepat / betul nilai MV Agusta hanya 1 euro ?

Walau bagaimanapun setakat ini, penulis masih belum menemui amaun sebenar pihak BMW membeli MV Agusta ini.

Wallahualam.