SC charges Serba Dinamik’s CEO for falsifying accounting records

It is in relation to the revenue figure of RM6b contained in Serba Dinamik’s quarterly report on the consolidated results for the quarter and year ended Dec 31, 2020 

By TMR 

THE Securities Commission Malaysia (SC) charged Serba Dinamik Holdings Bhd CEO/MD Datuk Mohd Abdul Karim Abdullah yesterday, for submitting a false statement to Bursa Malaysia Securities Bhd, an offence under section 369(a) (B) of the Capital Markets and Services Act 2007 (CMSA). 

According to the SC’s charge filed at the Kuala Lumpur Sessions Court, the false statement is in relation to the revenue figure of RM6.01 billion contained in Serba Dinamik’s quarterly report on the consolidated results for the quarter and year ended Dec 31, 2020, the capital market regulator said in a statement yesterday. 

A director and two senior officers were charged on Dec 28 for the same offence which, if convicted, carries a punishment of an imprisonment term not exceeding 10 years and a fine of not less than RM3 million. 

“The accused claimed trial to the charge filed against him. Sessions Court Judge Sabariah Othman fixed bail at RM500,000 with two sureties. Abdul Karim is required to report to the SC on terms to be decided by the SC,” the statement noted. 

The SC also charged Muhammad Hafiz Othman, VP of Accounts and Finance of Serba Dinamik at the Shah Alam Sessions Court, for falsifying the accounting records of its subsidiary Serba Dinamik Sdn Bhd, the SC added. 

Muhammad Hafiz was directly involved in instructing the preparation of false documentations relating to the sales of Serba Dinamik Sdn Bhd, an offence under section 368(1)(b)(i) of the CMSA. 

Muhammad Hafiz claimed trial to the charge filed against him. Shah Alam Sessions Court Judge Rozilah Salleh granted bail of RM200,000 with two sureties. 

If convicted, Muhammad Hafiz could face imprisonment for a term not exceeding 10 years and a fine not exceeding RM1 million. — TMR