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Nation 06 Oct 2010 | 12:00 AM

Ex-MD weeps over day’s jail and fine

KUALA LUMPUR: Former Pancaran Ikrab Berhad managing director Ngu Tieng Ung broke, down and cried after he was sentenced to a day's jail and fined RM2mil by the Sessions Court for committing two counts of financial fraud involving RM15.5mil 13 years ago.

Nation 05 Oct 2010 | 12:00 AM

Ex-MD weeps over day’s jail and RM2mil fine (Updated)

KUALA LUMPUR: Former Pancaran Ikrab Berhad managing director Ngu Tieng Ung broke down and cried after he was sentenced to a day in jail and fined RM2mil by the Sessions Court for committing two counts of financial fraud involving RM15.5mil 13 years ago.

Business 07 Oct 2010 | 12:00 AM

MSWG: Pancaran Ikrab ex-MD’s sentence ‘too light’

PETALING JAYA: The sentence meted out by Kuala Lumpur Sessions Court judge S.M. Komathy Suppiah on Datuk Lybrand Ngu Tieng Ung, the ex-managing director of construction outfit Pancaran Ikrab Bhd, for committing two counts of financial fraud is too light, says Minority Shareholder Watchdog Group (MSWG) CEO Rita Benoy Bushon.

Business 09 Oct 2010 | 12:00 AM

Too little punishment for too much

If directors continue to get away with a mere slap in the wrist for major offences, you can kiss corporate governance goodbye.