Why SC lodges Police Report against Serba Dinamik?

Thinking that the saga will be ending very soon after the recent RM16 million compound issued by the Securities Commission to Serba Dinamik Holdings Bhd and four of its top officials?

Hmmm... Not so soon... Why?

"Since May 2021, there were numerous press reports portraying the company in a negative light. A large number of the press reports concern the actions taken by Bursa and the SC against the company."

"Many of the company’s trading partners had imposed difficult terms on the company for continuation of business dealings. The lenders who had given revolving facilities had suspended the use of these facilities. Essentially, the company was placed in a quagmire," as stated in the Serba Dinamik's company announcement statement on 21st April 2022.

How many pages of the announcement?
Answer: Total 26 pages

The latest twist of the saga is here today (Yeah! Sunday. This is very odd for SC to issue a media statement on Sunday!) 👀💣

Below is the media statement issued by SC today!

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