Approximately 10 days ago, at a meeting with you, K. Doung, Fadi and myself, Fadi and I were advised for the first time that funds had been transferred from the Sinking Fund into the General Fund per authorisation of the prior board because PrinSiri had not made payments to the general account. From the attached accounting, I am unable to identify where the missing Bt. 700,000 is being accounted for. I don’t recall this information being disclosed at the annual general meeting, nor can I find its disclosure in the material provided for the annual meeting despite inclusion of an outside auditor’s report.
Please advise the following:
1. How much money was transferred out of the Sinking Fund?
2. When is the money going to to be returned to the Sinking Fund?
3. How can the Sinking Fund be protected from improper use in the future?
Thank you for your attention to this important matter,
Approximately 10 days ago, at a meeting with you, K. Doung, Fadi and myself, Fadi and I were advised for the first time that funds had been transferred from the Sinking Fund into the General Fund per authorisation of the prior board because PrinSiri had not made payments to the general account. From the attached accounting, I am unable to identify where the missing Bt. 700,000 is being accounted for. I don’t recall this information being disclosed at the annual general meeting, nor can I find its disclosure in the material provided for the annual meeting despite inclusion of an outside auditor’s report.Please advise the following: 1. How much money was transferred out of the Sinking Fund? 2. When is the money going to to be returned to the Sinking Fund? 3. How can the Sinking Fund be protected from improper use in the future?Thank you for your attention to this important matter,
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