Dufu oh Dufu

Now Dufu become chow tao fu.


Dufu gets letter alleging RM3.9m fraud by certain management

Wednesday, 11 February 2015
KUALA LUMPUR: Dufu Technology Corp Bhd has received a letter alleging that certain senior management had misappropriated funds totalling RM3.9mil.

It said on Wednesday that following the receipt of the letter on Feb 4, it had held an emergency board meeting last night to address the allegation.

However, Dufu said the board was still unable to ascertain the factuality of such allegation for the time being. 

“The board has set up an Independent Committee (IC), comprising three independent directors of DUFU to coordinate and oversee the investigation process of the case,” it said.

It said the panel comprised of Ong Choon Heng; Khoo Lay Tatt and Ang Siak Keng. 

The panel, it said, would appoint an investigation auditor to probe the remittance of fund to US in 2013.

It would also request the existing auditors of the Group (Messrs. Crowe Horwath) to investigate the remittance of funds to the US during the year of 2014.

The panel would also investigate the potential related party transactions, it said.