The controversy surrounding Caely Holdings continues to raise questions about the current management with neither party seeking to resolve the differences.
In the latest statement released by its former Chairman, Dato Wira Ng Chun Hau who claimed that the company had spoken to a business weekly with regards to a police report against the Chairman, says the allegation reported is untrue and baseless.
Sharing the statement to the press including BusinessToday, Dato Wira said that at the outset, Caely’s allegation against him is untrue, baseless, unfounded, false, and highly defamatory against him and denies strongly and refutes all the allegations made.
The former director, adds that such a statement has tarnished his reputation and will be taking legal action against the perpetrators.
Setting the record, Dato Wira goes on to state that:
1. Upon discovery of the alleged misuse of Company funds by certain former directors of Caely which happened before my appointment as the Company’s Chairman on 8 December 2020, I had taken swift action to initiate an investigation into the allegation by appointing the external forensic auditor, Virdos Lima Consultancy (M) Sdn Bhd to carry out the forensic audit exercise.
2. Throughout the forensic audit investigation, I had given my full support and cooperation to the forensic auditor.
3. After I sold my shares and resigned as Executive Chairman on 13 May 2022, the investigation was not abandoned as there was a proper handover to enable my successor to continue the investigation.
4. Further actions were also taken against the former directors who are responsible for the alleged wrongdoings by the subsequent board of directors after my resignation.
5. It is therefore absurd to even suggest I would cover up the alleged misuse of RM30.55 million of funds by the former directors in question or be involved in any manner or whatsoever in the alleged wrongdoings.
The saga at Caely is turning sharply into a long battle of who said what, with police and MACC involved the name of the company is being dragged into the mud with investors and shareholders being the ultimate losers eventually.
