Sime Darby Engineering: A Recap...

Just wandering around the net and stumbled upon this.

Full article can read below. Credits to the original author.

Sime Scandal?

Sime Darby Engineering (SDE) use to make an average of ten percent on their gross profit, it was in fact more than 10%, but it’s hidden somewhere thru their accounting process for obvious reasons. For a turnover of RM400 million, they would easily paid more than RM40 million on taxes alone. That was the time of Dr. Samad Solbai and his team.

This day, SDE profit has plunged to a mere 3% out of a turnover of RM2 billion. SDE accountants are doing the direct opposite: how to show more profits, hide the losses and mitigate further losses. This is the time of Dato’ Shukri, Kadir Alias and a man whose name does not appear anywhere in SDE or even in the company that he represents.