Rashid's case set for Aug 1

  • Nation
  • Thursday, 26 Jun 2003

KUALA LUMPUR: The High Court yesterday fixed Aug 1 to mention the case of former national badminton player Rashid Sidek, to set aside a bankruptcy order against him for owing a finance company more than RM1.67mil. 

Judicial Commissioner Siti Mariah Ahmad had fixed the date in her chambers. 

Rashid was made a bankrupt on Aug 13 last year following a creditor’s petition filed by Cempaka Finance Bhd (now known as Southern Finance Bhd) for the recovery of a fixed loan given to a company of which he was then a director. 

In the petition, Cempaka Finance said that Rashid had failed to make loan repayments totalling RM1,676,343.72 as at July 6, 2000. 

On April 11 last year, Rashid’s brother Jalani, who also stood guarantor for the same loan, was declared a bankrupt. 

Both are appealing against the decision.  

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