KUALA LUMPUR (Dec 15): Deleum Bhd has confirmed that two senior executives working for the company's subsidiary, Deleum Primera Sdn Bhd (DPSB), were interviewed by the Malaysian Anti-Corruption Commission (MACC), as reported by The Edge Markets yesterday.
In a filing with the bourse, Deleum said the relevant senior executives are currently assisting MACC with its investigation into an alleged illegal scheme.
The oil and gas firm revealed that its internal investigations discovered that the scheme had caused loss to DPSB, as set out in its Statement of Claim filed on Nov 5, 2020.
"The company denies any involvement of the company's top management in the scheme and further denies any alleged understating of profits for the financial year ended Dec 31, 2019 (FY19) by DPSB and any other allegations of false accounting by DPSB.
"DPSB's financial statements were prepared in accordance with the Malaysian Financial Reporting Standards," DPSB said.
Meanwhile, the board of directors of DPSB, through its solicitors Messrs Lim Chee Wee Partnership, has executed the ex-parte Forthwith Delivery Up Order and ex-parte Mareva (Freezing) Injunction against the defendants, comprising DPSB's employees, suppliers, contractors and employees of a client of DPSB, arising from the alleged wrongdoings.
It said the affected employees continue to be suspended.
The High Court on Dec 9 allowed an application filed by one of the defendants to discharge the ex-parte order and injunction, with the inter partes Mareva Injunction to be heard on Feb 18, 2021.
DPSB lodged a formal report to the MACC over the alleged illegal scheme on Nov 25 and filed a civil suit against the defendants.
"The financial impact is currently from the fees incurred from legal representation and the investigation and the full financial impact cannot be ascertained as yet and is still being assessed," said the company.
Quoting sources, The Edge Markets yesterday reported that the MACC investigation also covered the potential involvement of Deleum's top management and executives of both DPSB and Petronas Carigali Sdn Bhd, and that there were allegations of false accounting by DPSB, including understating its profits for FY19.
Deleum fell one sen or 1.48% to 66.5 sen, giving a market capitalisation of RM267 million.