KUCHING (Oct 31): Cahya Mata Sarawak Bhd (Cahya Mata Sarawak) said authorities’ investigation into the alleged conflict of interest involving its deputy group chairman Datuk Seri Mahmud Abu Bekir Taib and former chief information officer Karl Vink @ Khalid Abdullah has closed and been classified as
(CMS) expects to appoint an external consultant by the middle of this month to probe allegations of financial mismanagement in relation to its investments and operations.
Replying today to a query letter from Bursa Malaysia, the company said the terms of reference (TOR) are being drafted and are expected to be completed this week. The TOR is being finalised and the schedule for completion will be agreed with the external consultant to be appointed by the middle of this month. The more important task of the external consultant is to review whether there were sufficient effective controls and risk mitigation measures in place to ensure that there are no future recurrences,” it said.
Taib s son takes leave from CMS Group amid conflict of interest allegations
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Mahmud Abu Bekir Taib - son of Sarawak’s governor and former chief minister Abdul Taib Mahmud - is taking leave from his posts at Cahya Mata Sarawak Bhd (CMS) and its subsidiaries amid conflict of interest allegations against him.
In a statement today, the company’s board of directors said this followed information received through the group’s whistleblower channels involving Taib and the group’s chief information officer Karl Vink @ Khalid Abdullah.
“Upon receipt of the whistleblower complaints, before.
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