THE 1Malaysia Development Bhd board has been told by its auditor that the troubled state investment firm should ignore the audit report it prepared as the statements for three financial years are not reliable.
In a statement, the board said KPMG informed them in a letter dated June 8 that the statements for the financial years ending March 2010, 2011 and 2012 audited by KPMG did not provide a true and fair assessment of the company.
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Posted 5 years ago by Bigjoe Lam