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Old 1st Jun 2007, 18:44
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Virtual Reality
 
Join Date: Dec 2001
Location: Uptown
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R U M O U R S .........

After Mr Sugar King became a major shareholder in TH, among the first thing he did is to audit the spreadsheet by his own trusted men. He found out some irregularities and keep probing until recently he found out about 20 (ish) unkown companies that 'technically being invoiced' by TH for hundreds of million RM. Of course the money never arrived !!! Financial results for 2005 & 2006 were based on these invoices !!!! So an independant auditor was called and re-audit was done and the brief result was published in local newspapers on 01 Jun.

What will happen tomorrow is unknown. Very unlikely Mr Sugar King will offload TH altogether but most likely the son of a Gun won't be the CEO no more. Who will run the company is immaterial but the most important is to keep the company afloat and no one will lose your job.
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