Versatile Creative's MD and group CFO dismissed

PETALING JAYA: Versatile Creative Bhd has dismissed its managing director Datuk Wong Kong Choong @ Leong Kong Choong and chief financial officer Tan Quok Eow for failing to satisfactorily answer for an unauthorised payment of RM2.3 million.
The Board of directors told the stock exchange that the dismissal comes into effect immediately as the two had failed to satisfactorily answer the allegations made against them in the show-cause letters that were issued to them on August 13.
To recap, Versatile Creative said in a filing dated August 10 that a forensic audit report by Crowe Malaysia revealed that Wong and Tan could not account for an unauthorised payment of RM2.3 million.
In separate filings with the stock exchange, the group also announced the appointment of two executive directors and two non-Independent executive directors.