Silver Bird Group Berhad Scandal

Issuance of forensic accounting review report of pkf advisory sdn bhd the forensic report was commissioned by sbgb in february 2012 following allegations of amongst others irregularities in the company s accounts which were brought to the attention of. Gan took the stand at the criminal sessions court yesterday morning at the continued hearing on silver bird s. Let s focus on another meaty and scandalous firm silver bird group bhd.

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It has 13 subsidiaries including stanson bakeries sdn.

Silver bird group berhad scandal. Manufacturing and distribution of consumer food and distribution of telecommunication products. Silverbird group a diversified multi media company with holdings in radio television real estate and cinemas. The bread maker could never quite bridge the competition gap with malaysia s no 1 bread brand gardenia pic 02 and pic 03.

In a statement today high 5 said since the court order required the group to vacate the premises by july 3 it had no alternative but to close down its operations. Kuala lumpur june 27. This article first appeared in the edge financial daily on march 3 2017.

From pageants to radio to television to malls to its man of the year event the silverbird brand has become an icon in the entertainment world. From pageants to radio to television to malls to its man of the year event the silverbird brand has become an icon in the entertainment world. A no 2 player in bread maker hi 5 bread pic 01 and associated confectionaries with brand as silver bird.

The group managing director and his family have substantial shares in the group alongside other reputable investors such as lembaga tabung haji the berjaya group and an australian venture capital company. The group has good consumer brands such as the high5 bread products and silver bird fruit cakes and frozen cakes. There was no red flag raised to silver bird group bhd s board on financial irregularities in the bread manufacturer until the end of 2011 according to its former chairman datuk gan khuan poh.

The company operates in two segments. Silver bird group berhad is a malaysia based investment holding company. Bhd which is engaged in the manufacture of bread.

Silver bird group bhd description. Update on silverbird financial irregularities scandal silver opening stock price today 24 4 2012 was 18 5 sen shareholders are expected to demand from the board of directors of silver bird group bhd details on the ongoing investigation into the financial irregularities when the company s agm is held next monday. Silver bird group berhad sbgb or the company subject.

High 5 consolidated bhd has confirmed it has closed down its operations saying it is abiding by a court order requiring all occupiers to vacate the premises which the bread maker was operating from. The 1malaysia development berhad scandal 1mdb scandal is an ongoing political scandal occurring in malaysia in 2015 malaysia s then prime minister najib razak was accused of channelling over rm 2 67 billion approximately us 700 million from 1malaysia development berhad 1mdb a government run strategic development company masterminded by low taek jho commonly referred to as jho low. Silverbird group a diversified multi media company with holdings in radio television real estate and cinemas.