XIN Synergy unit files second police report against ex-directors over moneylending irregularities
XIN Synergy Group's subsidiary, Total IPCO Sdn Bhd, has lodged a second police report against three former directors following an independent review. The review found 'serious irregularities' in moneylending activities between May 2021 and October 2023, including loans approved in breach of procedures. The company stated the report is to protect shareholder interests and uphold corporate governance.