Versatile Creative's forensic audit shows RM2.3m unauthorised payment approved by MD, CFO

PETALING JAYA: The forensic audit report on Versatile Creative Bhd revealed financial irregularities in the form of an unauthorised payment of RM2.3 million was approved by its managing director Datuk Wong Kong Choong @ Leong Kong Choong and chief financial officer Tan Quok Eow.
The group told the stock exchange that both of them could not account for the RM 2.3 million and failed to provide evidence as to whom it was paid to based on the audit by Crowe Malaysia, which was completed on August 8.
Wong and Tan were suspended last month pending the probe.
Versatile Creative said it will make further announcements once its board of directors deliberate on the report and decides on the next course of action.