XIN Synergy unit lodges second police report against former directors over moneylending irregularities
XIN Synergy Group Bhd's subsidiary, Total IPCO Sdn Bhd, has lodged a second police report against three former directors over serious irregularities in moneylending activities. The report follows an independent review that found loans were approved and disbursed in breach of procedures and statutory requirements. The company stated there is no immediate material financial impact from this development.