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Business, Finance & Economics in Thailand All about money and finances in Thailand and Asia; interest rates, stock market & commodities investing, banking and buying shares.

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Old 04-01-2013, 06:15 PM   #1 (permalink)
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MQ Technology reports embezzlement at Thai unit

MQ Technology reports embezzlement at Thai unit
Friday January 4, 2013

KUALA LUMPUR: MQ Technology Bhd has reported suspected cash embezzlement of about 17mil baht (RM1.7m) at its Thai unit MPT Solution Co., Ltd (MPTS).

It said on Friday, based on its preliminary investigation, the suspected embezzlement was committed by an authorised bank signatory of MPTS.

It said the suspect was alleged to have made withdrawals from MPTS's bank accounts maintained in Thailand which were not approved for purposes authorised by MPTS.

The suspect at MPTS was suspended with immediate effect.

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Old 04-01-2013, 06:27 PM   #2 (permalink)
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