Caely unable to ascertain impact until forensic audit completes

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KUALA LUMPUR: Caely Holdings Bhd, which has appointed an unbiased forensic auditor, is unable to ascertain the monetary and operational impact at this juncture until the forensic audit investigation is accomplished.

Last week, the lingerie producer appointed Virdos Lima Consultancy (M) Sdn Bhd as its unbiased forensic auditor to look into allegations of suspicious and irregular transactions at its wholly-owned subsidiary Caely (M) Sdn Bhd (CMSB).

“The company shall update accordingly on the forensic audit investigation progress.

“Upon receipt of the forensic audit report, the company will take all necessary recourse available under the law upon taking further legal advice,” Caely stated in a submitting with Bursa Malaysia.

The firm stated one of many unbiased non-executive administrators acquired an nameless package deal containing paperwork elevating issues about a number of suspicious transactions involving CMSB.

The investigation is predicted to be accomplished by May 31, 2022.



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