Sime Darby: Probe confined to energy and utilities unit

Sime Darby Bhd  has clarified that an internal probe it is conducting over losses incurred in the Middle East and the Bakun hydroelectric dam project remains confined to its energy and utilities division. It was reported in the New Straits Times that Sime Darby chairman Tun Musa Hitam had said that the probe had been extended to all the group's six business divisions. Sime Darby also clarified that external professionals and its own management were looking into the energy and utilities division at present and not the entire group. (BT)

Popular posts from this blog

Malaysia Inflation to start easing end-3Q or early 4Q2011

Trump’s Win – Bark Worse Than Bite?

FBM KLCI Technical Outlook