The chief executive of one victim, depositor Saigonbank Berjaya Securities JSC (SBBS) - a unit of Malaysia's Berjaya Corporation Bhd - told Reuters that if the ruling was upheld, she had little hope of recouping her bank's $10 million from the perpetrator, who was sentenced to life imprisonment. "We can't afford to lose the case. This represents 70 percent of our capital. Our business may get suspended," Josephine Yei said in an interview.
KUALA LUMPUR: China Automobile Parts Holdings Ltd’s (CAP) executive chairman Wang Yu Yun and two of the company’s directors have been publicly reprimanded and fined by Bursa Malaysia Securities Bhd for breaching the stock exchange’s rules.
As of Tuesday, the Practice Note 17 company had yet to issue its accounts and annual report for the financial year ended June 30, 2017.
Limited time offer:
Just RM5 per month.
