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PPB Group's Singapore-listed Wilmar Under Allegation of Tax Fraud

PPB Group: Awaits outcome of Wilmar probe

PPB Group Bhd chairman Datuk Oh Siew Nam says the company will not comment on the impact of the allegation of tax fraud  against  its  Singapore-listed  unit, Wilmar  International  Ltd,  until  a  thorough  investigation  has  been  conducted.  A foreign  news  report  said  yesterday  that  Wilmar  was  under  investigation  because  its  Indonesian  subsidiaries  had manipulated its financial statements and then cooperated with someone in the tax department to approve the rebates. The company issued a statement denying the allegation. (StarBiz)