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apple developer:Deloitte loses bid to overturn RM2.2 million fine

admin2021-02-10119

Anglo-American multinational professional services firm Deloitte helped Bandar Malaysia Sdn Bhd, a 1MDB subsidiary to raise RM2.4 billion in 2014. – AFP pic, December 24, 2020. THE Securities Commission fine of RM2.2 million against Deloitte PLT was appropriate and proportionate to the gravity and seriousness of the breaches committed by the auditing firm, said high court judge Mariana Yahya.Dismissing Deloitte’s application for a judicial review to challenge the ruling by the SC, she said, the court is of the view that the SC had not misdirected itself in law or failed to take into account relevant consideration in arriving at its decision.
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