The High Court here today fixed Oct 26 for decision on a judicial review application by Deloitte PLT to challenge the ruling by the Securities Commission of Malaysia to dismiss its application for a review of the RM2.2 million fine imposed on the auditing firm.
It was reported earlier that the SC fined Deloitte a total of RM2.2 million for four breaches linked to the RM2.4 bilion bond issued by Bandar Malaysia Sdn Bhd , a 1Malaysia Development Berhad subsidiary in 2014. On Nov 14, 2019, Deloitte filed for a judicial review against the SC’s decision to dismiss its application to review the administrative sanctions and retained the sanctions imposed.
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