Thursday 24 November 2016

Pasukhas: no written contract?

Pasukhas Group announced to Bursa:




This seems very strange, in this age even an email or WhatsApp message can be used as a form of proof. Did Pasukhas, a listed company, really close contracts without any documentation at all?

And the defendant did not properly serve a payment claim?

The amount of money is not exactly peanuts, more then RM 1.6 Million.

Is this the usual way of working for Pasukhas, has this happened before?

And how exactly can the auditor sign of on the accounts when there are no contracts or proper payment claims?

1 comment:

  1. Is this the usual way of working for Pasukhas, has this happened before?

    Many time small time sub contractor do work without contract signed yet base on trust and urgency of work.Some big job proper contract not signed yet as work already half way.But there are LA and payment claim certificate with contract amount stated.
    ************
    And how exactly can the auditor sign of on the accounts when there are no contracts or proper payment claims?

    That is the problem of Auditor and Accountant..the joke of meeting lawyers in hell..the Auditor and Account are on the next flight..( *not all all that bad but unfortunately the few culprits spoil the profession)

    ReplyDelete