Fishing in troubled waters

The Ng family, which traces its roots to Melaka but is now based in Hong Kong, is at odds with an array of international bankers seeking to recover some US$1.7bil (RM6.58bil) through exposure to China Fishery. At least one banker has lost his job. Others were reprimanded because of lapses in the due diligence process.

A COMPANY that learnt the trade of industrial fishing from its humble beginnings in Melaka is now at odds with a fleet of bankers stretching from Malaysia to Singapore and London on how best to resolve a massive US$1.7bil (RM6.58bil) debt problem.