Chin Kwai Fatt to appear at the KL High Court in August 2011 as the defendant in a professional negligence suit.
While PwC Malaysia is going all out to paint the picture that everything is well, and it's Chairman Datuk Seri Johan Raslan is happily tweeting away ( http://twitter.com/#!/johanraslan ), the court date for one of the several suits they are facing has finally arrived.
Datuk Seri Johan Raslan has proven himself to be an ineffective Chairman for PwC Malaysia; one who has no control over much at all. And the pressure on him to resign is increasing by the day.
We will give an example of how Johan Raslan can place ethics below everything else when it comes to personal benefit.
He knowingly signed on as the majority shareholder and as a Director of PricewaterhouseCoopers Consulting Sdn Bhd (464379-U), at Chin Kwai Fatt's behest, even though by doing this, Johan Raslan knew he was becoming party to the fraud being perpetrated by PricewaterhouseCoopers Consulting Sdn Bhd on its creditors. But the lure of becoming the Chairman pf PwC was too great for him to worry about silly things like ethics and professional standards.
He has also been privy everything else that has been going on, especially with Chin Kwai Fatt in the picture, but chose to 'buat bodoh'. At one point he was even dreaming of becoming the next Chairman of the Securities Commission, a possibility that is all but destroyed right now, thankfully.
For the sake of ambition and power, Johan Raslan has allowed Chin Kwai Fatt and other senior partners in PwC Malaysia to compromise the integrity and the name of the firm.
Perhaps he can tell the Malaysian public via the media, why he uses the firm of Roger Yue, Tan & Associates as the auditors for PricewaterhouseCoopers Consulting Sdn Bhd (464379-U), even though he 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?
When Tan Sri T. Ananda Krishnan asked some serious questions of both your and your firm's conduct and acts, you chose to hide from him, just like Chin Kwai Fatt did. How are your staff to consider you as a leader when you cannot even defend your own acts to your client?
Now with DRB-HICOM having dropped your firm as auditors, and the relationship PwC Malaysia has had with the GLC's, PEMANDU, Khazanah etc in jeopardy with the tweets insulting the Prime Minister and the Royal Malaysian Police by your senior partner, how can anyone who draws a paycheck from PwC Malaysia consider you as an able leader?
Perhaps it is time for Datuk Seri Johan Raslan to take a serious look at the writing on the wall, and take an honourable exit while there is still some dignity left in doing so.
Do not be mistaken into thinking that the Captain must not abandon a sinking ship, as you have never been the Captain of your ship, but just a front for the real Captain, Chin Kwai Fatt.
While PwC Malaysia is going all out to paint the picture that everything is well, and it's Chairman Datuk Seri Johan Raslan is happily tweeting away ( http://twitter.com/#!/johanraslan ), the court date for one of the several suits they are facing has finally arrived.
 |
| One has to defend himself in court, while the other tweets..Which sort of explains why Johan Raslan is under pressure to resign |
Datuk Seri Johan Raslan has proven himself to be an ineffective Chairman for PwC Malaysia; one who has no control over much at all. And the pressure on him to resign is increasing by the day.
We will give an example of how Johan Raslan can place ethics below everything else when it comes to personal benefit.
He knowingly signed on as the majority shareholder and as a Director of PricewaterhouseCoopers Consulting Sdn Bhd (464379-U), at Chin Kwai Fatt's behest, even though by doing this, Johan Raslan knew he was becoming party to the fraud being perpetrated by PricewaterhouseCoopers Consulting Sdn Bhd on its creditors. But the lure of becoming the Chairman pf PwC was too great for him to worry about silly things like ethics and professional standards.
He has also been privy everything else that has been going on, especially with Chin Kwai Fatt in the picture, but chose to 'buat bodoh'. At one point he was even dreaming of becoming the next Chairman of the Securities Commission, a possibility that is all but destroyed right now, thankfully.
For the sake of ambition and power, Johan Raslan has allowed Chin Kwai Fatt and other senior partners in PwC Malaysia to compromise the integrity and the name of the firm.
Perhaps he can tell the Malaysian public via the media, why he uses the firm of Roger Yue, Tan & Associates as the auditors for PricewaterhouseCoopers Consulting Sdn Bhd (464379-U), even though he 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?
When Tan Sri T. Ananda Krishnan asked some serious questions of both your and your firm's conduct and acts, you chose to hide from him, just like Chin Kwai Fatt did. How are your staff to consider you as a leader when you cannot even defend your own acts to your client?
Now with DRB-HICOM having dropped your firm as auditors, and the relationship PwC Malaysia has had with the GLC's, PEMANDU, Khazanah etc in jeopardy with the tweets insulting the Prime Minister and the Royal Malaysian Police by your senior partner, how can anyone who draws a paycheck from PwC Malaysia consider you as an able leader?
Perhaps it is time for Datuk Seri Johan Raslan to take a serious look at the writing on the wall, and take an honourable exit while there is still some dignity left in doing so.
Do not be mistaken into thinking that the Captain must not abandon a sinking ship, as you have never been the Captain of your ship, but just a front for the real Captain, Chin Kwai Fatt.
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