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: Ideal Jacobs (Malaysia) Corp Bhd’s wholly-owned subsidiary, Widad Builders Sdn Bhd (WBSB), has bagged a RM71mil contract from Pemajuan Ilham Enterprise Sdn Bhd.
In a filing with Bursa Malaysia, Ideal Jacobs said WBSB would be the main contractor for the Malaysia Civil Servants Housing Project (PPAM) in Kota Kinabalu, comprising 301 units of single-storey link houses.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
