Pempena Sdn Bhd executive chairman Datin Paduka Chew Mei Fun vowed that action will be taken for the millions in losses in the Tourism Ministry subsidiary but was non-committal when asked if those responsible will be held accountable.
She also refused to give a direct answer when asked if the law will catch up with the perpetrators of fraud which cost the company RM50 million in bad investments and suspect decisions.
“I don’t have to answer you now as to the status of our investigations, but I assure you we are taking action to rectify whatever had happened before (our time),” she told a press conference at the company’s office in Menara Dato Onn today.
She said her team, which was poring over the audit report from PriceWaterhouseCoopers (PWC), which among others revealed that as of June, Pempena had invested RM54.4 million in 24 companies, with only four profitable.
“We are also looking at the internal audit and will do the needful,” she said, adding that this included lodging police reports.
The internal audit report outlines how certain company officials had altered the minutes of board meetings; advanced monies without contracts and dodgy investments.
On a report lodged by member of parliament Lim Kit Siang at the Dang Wangi police station today, Chew said Pempena was open to cooperating with the police.
Questioned on some of these investments and decisions not to recoup losses, she retorted: “We won’t answer for what happened before us.“
Addressing Lim’s allegations, she said Pempena’s staffing of 57 workers had followed procedures.
Asked how those who had applied for research officers in the minister’s office had instead been appointed as directors and general managers, Chew replied: “It is up to the company to give them a job that we feel fits them. Is there anything wrong?“
Pempena chairman Chew Mei Fun non-committal on punishing Pempena culprits