Regulators from the bank was supposed to be at PIPS on aug 16, this is a visit to convince them that PIPS is on the up and up,how come it is being turned into a fishing expidition ??
I see this as a great thing, it tells me that they are progressing rapidly to getting all the Picpay clean and the rest of the program ready to comply with first the Malaysian SEC and now the Malaysian Central Bank will be able to vouch for PIPS after this audit . THis could mean the restoring of better investment and banking relations and the first major step to free PIPS up to conduct business as usual.
I will wait to see how all theh doom and gloomers will justify their past statements of raids etc when all this is cleared up and PIPS is back on line.