KUALA LUMPUR: Businessman Yeoh Lam Jit was yesterday found in contempt of court for having flouted a 1998 court order compelling him to return shares to two others.
Yeoh, 39, was, however, let off by High Court judge Justice Zulkefli Ahmad Makinudin with a stern warning.
The judge also ordered him not to repeat such actions in future.
SCK Group Bhds executive director Wong Kok Poh and his wife Tan Lian Cheng had sought to commit Yeoh to prison for contempt after he failed to transfer the ownership of 360,000 and 289,000 units of shares in SCK Group into their Malaysian Central Depository Sdn Bhd accounts.
Their application was contained in a notice of motion dated Sept 18, 1998.
In his affidavit-in-reply, Yeoh, who is a bankrupt, claimed that he had tried his best to comply with the court order dated April 14, 1998 and that he did not in any way mean to be contemptuous.
He said that apart from trying to borrow money from relatives and friends, he had also made bookings through Castle Property Sdn Bhd for the purchase of SCK Groups shares.
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