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03 December 2008 The on-line newspaper devoted to the world of transports 07:37 GMT+1



June 19, 2003

IMPACT ON GROUP PROFIT BEING ASSESSED
CWT uncovers $2m fraud at subsidiary

A ROGUE employee of a Malaysian subsidiary of logistics provider CWT Distribution has siphoned off almost $2 million from the company.

The act has prompted the mainboard-listed company to seek outside help to determine the extent of the impact on group profit for last year.

CWT, itself a unit of port operator PSA Corp, posted a net profit of $4.6 million for the year ended Dec 31 ......
Read more on The Straits Times





ITAL-PRO-RA.MAR. Fortune International Trasport Autorità Portuale di Taranto


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