Symphony Life's ex-CFO, adviser charged for using company funds to buy Cycle and Carriage Bintang shares
The pair were charged under Section 218 of the Companies Act 2016 together with Section 34 of the Penal Code.
The pair were charged under Section 218 of the Companies Act 2016 together with Section 34 of the Penal Code.
In the written grounds of his August judgement released on Wednesday, Datuk Ahmad Shahrir Mohd Salleh said it is essential to recognise the incontrovertible fact established in the 2009 High Court judgement that the original acquisition of the land was improperly executed by the government.
In a filing with Bursa Malaysia on Friday, Kerjaya Prospek said its wholly-owned subsidiary, Kerjaya Prospek (M) Sdn Bhd (KP), has served a writ of summons and statement of claim to Yong Tai and Datuk Boo Kuang Loon.
The Edge reported last year that the High Court had set aside a corporate voluntary arrangement (CVA) by True Renaissance Development Sdn Bhd for the Empire Remix development.
"CHHB stands firm in protecting its reputation and warns other parties considering similar legal actions to refrain from making baseless claims," the group said in a statement on Thursday.
If there was any lingering doubt … it is now completely exonerated by the latest Federal Court decision, which endorsed the High Court decision and reinforced the developer's obligation to provide such utility facilities.
Judge Datuk Lee Swee Seng, who led the three-member bench, fixed Nov 7 as the hearing date for both appeals, as both parties agreed that it would proceed without grounds to High Court judge Datuk Ahmad Shahrir Mohd Salleh’s decision on Aug 7, which contains the order for the registration of the transfer.
Negotiations have been ongoing and “actively progressing”, senior federal counsel Shamsul Bolhassan told a three-member Court of Appeal bench led by judge Datuk Lee Swee Seng, following a court order last month to transfer the land to the liquidators of Semantan Estate (1952) Sdn Bhd.
There are special circumstances due to the presence of government agencies and buildings including the National Archives that hold the country’s historic records, judge Datuk Ahmad Shahrir Mohd Salleh said.
“As a public-listed company, Country Heights remains fully committed to upholding the highest standards of corporate governance, transparency, and financial responsibility.