Lee claims SCBuild directors’ rejection of nomination of new candidates criminally liable

Tan Sri Lee Kim Yew

KUALA LUMPUR: Both SC Estate Builder Bhd (SCBuild) and 10 individual current directors have been warned of the consequences of a breach of Clause 127 of its Constitution, as well as that of Section 340(1)(d) of the Companies Act for rejecting new board nomination.

Nominated candidate Tan Sri Lee Kim Tiong @ Lee Kim Yew claimed that such act could attract criminal liability, and if convicted, they could be fined up to RM20,000 each.