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Gemencheh state assemblyman Datuk Waad Mansor had participated in three exco meetings allowing a company to obtain quarry land when there was documentary evidence to show that his teacher wife was then a director and shareholder of the company, the Court of Appeal heard Tuesday.
The Federal Court has ordered that a RM45,000 fine imposed on ex-Gemencheh assemblyman Datuk Waad Mansor be converted into a two-year jail sentence for each of three counts of corrupt practices he faced.
AVENUE Capital Resources Bhd yesterday proposed to distribute to its shareholders RM237mil worth of the company's shares in PosMalaysia Services Holdings Bhd and will undertake a reorganisation to make its capital structure more efficient, group managing director Tengku Zafrul Abdul Aziz told the media.
POS Malaysia Services Holdings Bhd's share price rebounded from a four-month low to close 14 sen higher yesterday at RM3.28 after Khazanah Nasional Bhd emerged as its largest shareholder.
Guthrie Ropel Bhd, a subsidiary of Kumpulan Guthrie Bhd, yesterday entered into sale and purchase agreements with Flora Horizon Sdn Bhd, Hartawan Development Sdn Bhd, Pilihan Teraju Sdn Bhd and Paduwan Development Sdn Bhd, for the sale of four parcels of Ladang Bertam in Malacca for RM91mil.