Questions have been raised about the mega contract, which was secured by Serba Dinamik’s wholly-owned subsidiary Serba Dinamik Investment Ltd (SDIL) in April 2020. It is the company (Serba Dinamik) who took up the shares,” Mohd Karim said. Block 7 was then owned by UAE-based LIWA Investment Holding, Serba Dinamik said in a reply to The Edge. This has always been Serba Dinamik Group’s strategy to grow its asset ownership programme,” the company said. Read also:Serba Dinamik to take legal action against external auditor KPMG for alleged negligenceAmid suit against KPMG, Serba Dinamik yet to appoint EY for independent reviewWhat Serba Dinamik says on its audit issues today

Source: The Edge Markets June 22, 2021 14:20 UTC