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RM620m losses due to federal agencies' financial management non-compliance: Audit report | Daily Express Online

Non-compliance of federal ministries and departments with financial management has led to issues involving irregular payments, loss of public funds and wastage amounting to RM620.07 million in 2020. 

Auditor-General Datuk Nik Azman Nik Abdul Majid (pictured) said of the RM510.49 million in irregular payments, RM499.19 million involved payments for maintenance service claims without being verified at the National Security Council (MKN) level.  

Meanwhile, of the RM104.79 million loss in public funds, RM81.69 million involved unclaimed penalties not imposed by the Immigration Department RM4.79 million involved equipment that was received late and not installed at Istana Budaya. 

"To enable corrective action and improvements to be taken, the Auditor-General has submitted 29 recommendations, namely four recommendations for verification of financial statements and 25 recommendations for compliance audits of federal ministries and departmen ....

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Availability of a Prospectus Relating to Certain Issuances Provided for by the Draft Safeguard Plan in Connection With Europcar Mobility Group's Financial Restructuring Plan


(2)
Not to be published, distributed or circulated directly or indirectly in the United States, Australia or Japan.
This press release is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament
and of the Council of June 14, 2017.
Regulatory News:
Europcar Mobility Group (Paris:EUCAR) (the Company ) filed an Amendment to the 2019 Universal Registration Document filed with the Autorité des marchés financiers ( AMF ) on 12 January 2021 under number D.20-0448-A01.
Europcar Mobility Group also announces that, on 12 January 2021, the AMF granted visa number 21-011 to the prospectus (the Prospectus ) made available to the public in connection with: ....

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