Source: The Edge Markets

GIIB Rubber: GIIB says external auditor did not raise adverse opinion on alleged non-existent sale

GIIB Holdings Bhd, whose officials have been charged for allegedly deceiving the company's external auditor in relation to a puported sale of machinery, said the auditor had not raised any adverse opinion in relation to the matter. In a filing, GIIB said Messrs Grant Thornton Malaysia PLT also did not raise its concern on the authenticity of any supporting documents provided in relation with the deal to the group's audit and risk management committee (ARMC).

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Tai Boon Wee

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