You are here
AirAsia X uncovers RM7m of fake payments
[PETALING JAYA] Long-haul budget airline AirAsia X Bhd has discovered payments for fictitious services that adds up to RM7 million (S$2.33 million).
In a filing with Bursa Malaysia, the firm said its internal and external auditors had recently discovered that certain payments had been made to a service provider between the period of 2010 to 2014 for services which were now established to be fictitious."Following the discovery of the irregularities, the board has on the recommendation of the audit committee appointed PwCCS to carry out a forensics audit and instructed the management to ensure the availability of all relevant documents and/or key personnel for PwCCS review and interview, where applicable," the aviation firm said.
Read the full story here.