This has been well documented. The RM1.37bn purchase by Top Glove was completed only on April 4th this year. Secondly, the purchase was completed within 4 months.
There were glaring questions still not covered by the journalists.
Who were the advisors for Top Glove?
What actually did they advised?
Who did the due diligence?
Was it a limited due diligence, if so, there should be clawback, e.g. staggered payments till full due diligence is done.
Why was full sum paid prior to a full due diligence?
Was it too rushed?
If so, why the rush?
Where was the board's view in the scheme of things?
Were the advisors well versed with billion ringgit acquisitions?
Where was the due diligence?
Who were the accountants for the private company beforehand?
How did they not qualify the financials before?
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