PETALING JAYA: Serba Dinamik Holdings Bhd’s CEO and managing director Abdul Karim Abdullah has been placed on an Interpol Red Notice, says Prime Minister Anwar Ibrahim.
Anwar revealed this in the Dewan Rakyat today, saying the Securities Commission Malaysia (SC) resumed investigating Serba Dinamik's transactions in 2023 following the withdrawal of charges against the company in 2022.
The probe, he said, was extended to related cases including Sarawak Consolidated Industries Bhd (SCIB), which also involved Karim.
"This demonstrates an increase in the SC’s enforcement actions, both criminal and civil," he said.
SC had alleged that SCIB furnished a false statement to Bursa Malaysia Bhd in September 2021.
SCIB’s former group managing director and CEO, Rosland Othman, was also charged on March 12 with allegedly causing the company to furnish the false statement. He pleaded not guilty.
Karim is wanted in connection with the same alleged offence under Section 369(b)(B) of the Capital Markets and Services Act (CMSA). The SC obtained an arrest warrant against him on March 12.
In May 2022, Serba Dinamik, Karim and three senior officials were acquitted of charges of submitting a false statement to Bursa in 2021 after they settled compounds amounting to RM16 million issued against them.
Serba Dinamik and the four executives had claimed trial on Dec 28, 2021, after they were charged under Section 369(a)(B) of the CMSA.
The false statement charges were in relation to the revenue figure of RM6.014 billion contained in Serba Dinamik’s quarterly report on consolidated results for the quarter and year ended Dec 31, 2020.
Investigations against the troubled oil and gas company were launched in May 2021 after the SC received a report from audit firm KPMG.
In September 2023, Karim was publicly reprimanded and fined by Bursa for failing to provide proper notice of the disposal of his interest in Serba Dinamik.
Serba Dinamik was removed from Bursa’s official list in June 2024.