KUALA LUMPUR: The latest Auditor-General's report released today has found issues in Mara Incorporated Sdn Bhd (Mara Inc) financial accounts.
The audit disclosed that Mara Inc group incurred an accumulated loss of RM286.3 million.
The group reported an equity deficit of RM115.73 million, alongside current liabilities amounting to RM234.96 million.
In addition, Mara Inc's investments in five subsidiary companies suffered a substantial impairment of RM87.18 million, representing a 54.8 per cent decline in accumulated value.
This decline was primarily due to the company's current net liability position, exacerbated by high intercompany debts exceeding the value of its owned assets.