Siphoning Off Money from a Company

What you can do!
The above is an example of criminal breach of trust and breach of fiduciary duties by directors. Investors, especially minority shareholders should always exercise their right to seek information and learn to scrutinise a company’s quarterly or annual reports (also available on KLSE website, www.klse.com.my) in order to protect themselves from being a victim of such schemes. Always monitor your investments! And whenever possible, voice your opinions at the annual general meeting (AGM) if you are not happy with any action or decision made by the board. If you suspect any improper misconduct among the directors, secretaries, managers and other officers of a corporation, you may lodge a report with:

Suruhanjaya Syarikat Malaysia
Tingkat 2, 11-17 Putra Place
100 Jalan Putra
50622 Kuala Lumpur
Tel: 03-4043 3366
Fax: 03-4049 2313
E-mail: tanya@ssm.gov.my

Complaints involving cheating or criminal breach of trust e.g. siphoning off money from a company by director(s) or officer(s) of the company should be reported to the police for them to investigate improper misconduct under the Penal Code. Such complaints can be forwarded to:

Polis Diraja Malaysia
Jabatan Siasatan Jenayah
Bahagian Siasatan Jenayah Perdagangan
Polis Diraja Malaysia
Kompleks Kerajaan Bukit Perdana
Jalan Dato’ Onn
50480 Kuala Lumpur
Tel: 2693 0245
Fax: 2693 0423

 
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