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.
PETALING JAYA: Real estate investor and developer Mulpha International Bhd
is selling its four-star hotel in Australia for A$65mil (RM187.9mil).
Mulpha’s Australian units have entered into a property and business asset sale agreement with JY Cairns Esplanade Hotel Pty Ltd for the disposal of Rydges Esplanade Resort located in Cairns, Australia.
Limited time offer:
Just RM5 per month.
