KUALA LUMPUR, Feb 22 — Production house Red Communications has objected to allegations of conflict of interest surrounding the funding of itsThe report published on 16 February 2023 stated that the Digital Content Grant that was awarded to Red Communications did not fulfil all necessary conditions.
Responding to the report on alleged conflicts of interest, she said that the DKD OTT grant under Finas was opened for applications in May 2020 and Red Communications had submitted two proposals and pitched for it in June 2020.“I, Lina Tan, was appointed to the board of Finas in June 2020, at which time, I declared in writing to Finas of the potential conflict of interest, which was acknowledged and minuted on 8 July 2020. This is compliance with the applicable legal requirements.
Tan said that since the Finas had no oversight of the daily affairs of Finas, the matter was considered immaterial. “The company representative had sent letters on this matter to the officer in charge in Finas. This was acknowledged by Finas and the final milestone was approved.
Obvious defecation of fiduciary duties to the max. What a mockery! Kindly walk the talk. anwaribrahim AGCPutrajaya AzalinaOthmanS