Sarawak Economic Development Corporation (SEDC) has been recognised as among the most well-managed state economic development corporations in the country by the Auditor-General (AG).
Its chairman Datuk Talib Zulipilp said as recognition of SEDC’s outstanding management practice, the AG had granted the corporation audit-free status for the next three years.
“We have been recognised (by the AG). They (AG) said there is no need for them to audit SEDC for the next three years.
“Many organisations from all over the country had been sent to SEDC to study our financial and corporate system,” he said at SEDC’s Integrity Day which was officiated by Chief Minister Datuk Patinggi Tan Sri Adenan Satem here yesterday.
Talib, who is also Assistant Tourism Minister, attributed SEDC’s success to its honest and hardworking staff,
Is this the same SEDC that just provided a non tendered contract for the building of an unnecessary multi-million ringgit new HQ building to a company (CMS) owned by its political boss Taib Mahmud?