AUDIT REPORT The Penang owned PDC Telecommunication Services Sdn Bhd was found to have incurred a loss of RM445,073 due to the installation of a portable base transceiver station that did not get approval from the local authority, says the Auditor-General's 2012 Report.
Other than operational failure, the rental arrears for the telecommunications towers, which could not be collected from telecommunications companies until December last year, amounted to RM3.06 million, the report adds.
The company is a wholly-owned subsidiary of PDC Premier Holdings Sdn. Bhd and was incorporated on Jan 15, 1995, according to the company profile on its website.
Incorporated in 1976, PDC Premier Holdings is a wholly owned subsidiary of the Penang Development Corporation, the state's development arm, the website says.
The company's board of directors comprises eight members, with a Penang-based MP as its chairperson.
An audit conducted from September to December last year revealed that generally, the management of the company was good except for the management of activities, corporate governance and asset management.
The auditor-general discovered that the safety and cleanliness aspects of three out of seven tower sites operated by PDC Telecommunication Services were less than satisfactory.
"Two out of seven telecommunications towers built do not comply with the minimum distance from the nearest building or residence," the report states.
"Asset management, regarding labelling, registration and maintenance of vehicle log books did not comply with the regulations," the report adds.
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