Can someone run a search on the Msian company registry on those B2B loans companies.
We could see the historical changes of holders and directorship imo
Also its strange Kenneth would make loans to companies so glaringly obvious with his wife, sister as holders or directors.
How did he think he would get away with it being this brazen and easy to find out yet, IOU's credit department did not notice these large $12mil loans to handful of companies where they were going? How does the board explain basically a lump sum $12mil being able to be loaned out without their sign off?
We are not talking about small retail bnpl accounts with just MYR$3k credits here. The B2B loans were only vaguely disclosed to the market so this in itself is a case of disclosure anomaly which asx should persue imo
Auditors too would have failed as its a material loan they did not check on?
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