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KLFA sponsor keeps mum

“My boss Muthusamy told me you called. The contract is between us and KLFA. Who are you to interfere?

“If you want, get an explanation from KLFA. Why ask me?”

A quick check with the Companies Commission of Malaysia (SSM) revealed the Klang-based travel agency registered losses of RM92,661 in 2007 despite having earned a profit of RM15,544 in 2006.

In 2006, the company had zero non-current liabilities but registered RM1.1 million in 2007. The company’s revenue was valued at RM4.8 million in 2006 but dropped to RM176,560 a year later.

It is unclear why the company’s latest financial statement, as recorded by SSM, is 2006 and 2007.

Read 'Sponsor keeps mum' in today's Mailsport.

HD says: Silence is golden?


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