Say No To Hudud

Wednesday, March 30, 2011

Johan Raslan: Do you have a conscience?

Sources said PricewaterhouseCoopers Malaysia executive chairman Datuk Johan Raslan was at one point considered for the top post at SC.

It is widely perceived that Zarinah had expressed her desire to step down when her term ends in March this year. However, the search for a suitable candidate for the top post at SC, according to a reliable source, had turned out to be more difficult than envisaged. SC Chief's term may be extended - Anita Gabriel, StarBiz, March 30, 2011

Johan Raslan, The Man who was trying very hard to be the next Chairman of the SC ~ MALAYSIA TODAY
While Malaysians will be happy to see you back in the papers again after so long, why don't you use the opportunity to deny the allegations against you?

Perhaps you can tell the Malaysian public via the media, why you use the firm of Roger Yue, Tan & Associates as the auditors for PricewaterhouseCoopers Consulting Sdn Bhd (464379-U), even though you must have known as a member of the Securities Commission of Malaysia's Corporate Governance Consultative Committee, that the engagement partner for Roger Yue, Tan & Associates was charged by the SC in the Kuala Lumpur Sessions Court for abetting a listed company in submitting false information to Bursa Malaysia?

As the Executive Chairman for PwC Malaysia, how will your decision to use a tainted auditor for a company in which you are the majority shareholder, affect the perception of the public to the others who work in lesser positions in the accounting firm you head?

"Last year, the company’s (Roger Yue, Tan & Associates) managing director and CEO, Datuk Lee Yoon Wah, was compounded RM200,000 because he “knowingly permitted the making of a misleading statement to Bursa”. This relates to United U-Li’s pretax profit as reported in the audited financial statements for the year ended December 2004.
Then, on Tuesday, the SC charged Yue Chi Kin in the Kuala Lumpur Sessions Court for abetting United U-Li in submitting false information to Bursa Malaysia." ~ When Speed Counts : Errol Oh, StarBiz, May 2, 2009

You should not hide behind a carefully crafted public image, when there are serious questions waiting for answers.

If this was to happen in Singapore or Australia, wouldn't you have had to resign from your various positions involving Corporate Governance and Responsibility?

This is what Wikipedia has on the various posts you hold; "Government appointments: Board member of Putrajaya Corporation; member of the International Advisory Panel of the Labuan Financial Services Authority ('LOFSA'); member of the Securities Commission of Malaysia's Corporate Governance Consultative Committee; board member of Kumpulan Wang Persaraan (Diperbadankan) ('KWAP'). He was previously chairman of the Malaysian Financial Reporting Foundation ('FRF'), the body which oversees the Malaysian Accounting Standards Board. During his tenure at FRF, the decision was made to converge Malaysian accounting standards with International Financial Reporting Standards by 2012.

Accounting profession: President of the Malaysian Institute of Certified Public Accountants; Council Member of the Malaysian Institute of Accountants; member of Global Public Practice Committee.
Other appointments: Chairman of Institute of Corporate Responsibility, Malaysia ('ICRM') - a network of companies committed to advancing responsible business practices - ; member of the board of the Kuala Lumpur Business Club; member of the Board of Trustees of the Tun Suffian Foundation; Adjunct Professor of University of Malaya; Trustee of the Sultan Azlan Shah Foundation; Eisenhower Fellow."
We would like to see you back in the media spotlight again, after months of being "away", but can you give Mr Stephen Mead some answers, so the shareholders of Maxis will not have to burn the phone lines trying to call you for answers?

Mr Stephen Mead, Generel Counsel for Maxis

Letter from the General Counsel of Maxis, Mr Stephen Mead. Received from a Maxis insider.

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