KUALA LUMPUR: Linear Corp Bhd, with the concurrence of Bursa Malaysia Securities, appointed PricewaterhouseCoopers Advisory Services Sdn Bhd as a special auditor to undertake an independent probe into the company's affairs.
The investigation into the company, in particular its financials, it to identify any potential irregularities, including but not limited to the existence, operations and conduct of the Prime Savings & Trust Account(s) in Sweden where the RM36million was purportedly paid out.
The scope of work of the special auditor is divided into three (3) tranches for implementation.
The special auditor is expected to commence work from mid August 2010 and will take approximately four weeks to complete the first tranche of the special audit services. Thereafter, the second and third tranches of special audit services will be undertaken.
A final report will be issued to Linear upon completion of each tranche of services and also copied to Bursa Securities directly.
The investigation into the company, in particular its financials, it to identify any potential irregularities, including but not limited to the existence, operations and conduct of the Prime Savings & Trust Account(s) in Sweden where the RM36million was purportedly paid out.
The scope of work of the special auditor is divided into three (3) tranches for implementation.
The special auditor is expected to commence work from mid August 2010 and will take approximately four weeks to complete the first tranche of the special audit services. Thereafter, the second and third tranches of special audit services will be undertaken.
A final report will be issued to Linear upon completion of each tranche of services and also copied to Bursa Securities directly.
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