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Trio seek judicial review over MIA probe into their roles in 1MDB audit


KUALA LUMPUR (Jan 13): Deloitte PLT partner Mark Evelyn Thomson and two former auditors of the firm have launched a legal challenge against the Malaysian Institute of Accountants (MIA) over its probe into their roles in the 1MDB audit for 2013 and 2014.
Thomson, together with Tan Theng Hooi and Cheong Thoong Farn, have filed an application for judicial review against MIA and the institute’s investigation and disciplinary committees. The trio had been referred to the two committees in September last year over alleged breaches in the 1MDB audit.
In the application filed at the High Court through their legal firm, Weng & Co, the three men are seeking to quash the decision by the investigating committee to refer them to the disciplinary committee. ....

Kuala Lumpur , Sdn Bhd , Cheong Thoong Farn , Theng Hooi , Norazlin Othman , Mark Evelyn Thomson , Weng Co , International Standard Of Auditing , Malaysia Development Bhd , Securities Commission Malaysia , Malaysian Institute Of Accountants , Brazen Sky Ltd , High Court , Malaysian Institute , Tan Theng Hooi , Brazen Sky , Bandar Malaysia Sdn Bhd , Development Bhd , Estate Sdn Bhd , குவாலா லம்பூர் , ஸ்டன் ப்ட் , குறி ஈவ்லின் தாம்சன் , வெங் இணை , சர்வதேச தரநிலை ஆஃப் தணிக்கை , மலேசியா வளர்ச்சி ப்ட் , பத்திரங்கள் தரகு மலேசியா ,

RM2.2 mln fine on Deloitte PLT by SC is appropriate


24 Dec 2020 / 13:43 H.
KUALA LUMPUR: The decision by the Securities Commission (SC) to impose a fine of RM2.2 million on Deloitte PLT was appropriate and proportionate to the gravity and seriousness of the breaches committed by the auditing firm, said High Court Judge Datuk Seri Mariana Yahya.
In dismissing Deloitte’s application for a judicial review to challenge the ruling by the SC, she said, the court was of the view that the SC had not misdirected itself in law or failed to take into account relevant consideration in arriving at its decision.
“The respondent (SC) has applied the proper construction and interpretation of the relevant legislative provisions in light of duties and responsibilities of the respondent as a regulator of the capital markets. ....

Kuala Lumpur , Malim Imtiaz , Sdn Bhd , Mariana Yahya , Justice Mariana , Datuk Malik Imtiaz Sarwar , Brendan Navin Siva , Securities Commission , Malaysia Development Berhad , High Court , High Court Judge Datuk Seri Mariana , Bandar Malaysia Sdn Bhd , Development Berhad , Estate Sdn Bhd , குவாலா லம்பூர் , ஸ்டன் ப்ட் , மரியானா ய்ஃப்ய , நீதி மரியானா , பிரெண்டன் நவீன் சிவா , பத்திரங்கள் தரகு , உயர் நீதிமன்றம் , பந்தர் மலேசியா ஸ்டன் ப்ட் , எஸ்டேட் ஸ்டன் ப்ட் ,

RM2.2mil fine on Deloitte over 1MDB subsidiary's audit is appropriate, says judge


KUALA LUMPUR (Bernama): The decision by the Securities Commission (SC) to impose a fine of RM2.2mil on Deloitte PLT was appropriate and proportionate to the gravity and seriousness of the breaches committed by the auditing firm, said High Court Judge Mariana Yahya.
In dismissing Deloitte s application for a judicial review to challenge the ruling by the SC, she said, the court was of the view that the SC had not misdirected itself in law or failed to take into account relevant consideration in arriving at its decision.
The respondent (SC) has applied the proper construction and interpretation of the relevant legislative provisions in light of duties and responsibilities of the respondent as a regulator of the capital markets. ....

Kuala Lumpur , Malim Imtiaz , Sdn Bhd , Mariana Yahya , Justice Mariana , Datuk Malik Imtiaz Sarwar , Brendan Navin Siva , Securities Commission , Malaysia Development Berhad , High Court , High Court Judge Mariana , Bandar Malaysia Sdn Bhd , Development Berhad , Estate Sdn Bhd , குவாலா லம்பூர் , ஸ்டன் ப்ட் , மரியானா ய்ஃப்ய , நீதி மரியானா , பிரெண்டன் நவீன் சிவா , பத்திரங்கள் தரகு , உயர் நீதிமன்றம் , உயர் நீதிமன்றம் நீதிபதி மரியானா , பந்தர் மலேசியா ஸ்டன் ப்ட் , எஸ்டேட் ஸ்டன் ப்ட் ,

Report: Deloitte fails to challenge SC's RM2.2m fine over audit of 1MDB subsidiary's RM2.4b Islamic bond | Malaysia


Thursday, 24 Dec 2020 11:09 AM MYT
BY IDA LIM
Deloitte was the auditor for BMSB and 1MDB Real Estate Sdn Bhd (1MDB RE) for the financial years ending March 31, 2015 to 2016. Reuters pic
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KUALA LUMPUR, Dec 24 Audit firm Deloitte PLT today failed at the High Court to challenge the RM2.2 million fine imposed by regulator Securities Commission (SC) last year over alleged failures linked to the audit of a 1Malaysia Development Berhad (1MDB) subsidiary, a report has said.
According to news portal
Malaysiakini, High Court judge Datuk Seri Mariana Yahya today decided that the RM2.2 million fine was valid and dismissed Deloitte’s court challenge. ....

Kuala Lumpur , Sdn Bhd , Mariana Yahya , Mtrustee Bhd , Securities Commission , Malaysia Development Berhad , High Court , Estate Sdn Bhd , Development Berhad , Datuk Seri Mariana Yahya , Capital Markets , Services Act , Bandar Malaysia Sdn Bhd , குவாலா லம்பூர் , ஸ்டன் ப்ட் , மரியானா ய்ஃப்ய , பத்திரங்கள் தரகு , உயர் நீதிமன்றம் , எஸ்டேட் ஸ்டன் ப்ட் , மூலதனம் சந்தைகள் , சேவைகள் நாடகம் , பந்தர் மலேசியா ஸ்டன் ப்ட் ,