E&O says Tee Eng Ho redesignated as executive chairman
E&O said the boardroom changes are effective today.
E&O said the boardroom changes are effective today.
This comes after reports saying 1MDB and its former subsidiary SRC International Sdn Bhd had filed several civil suits to recover billions of dollars in losses suffered by the firms. Six suits were filed by 1MDB and its subsidiaries, while another 16 were by SRC.
One of the suits was against Wong & Partners and Chia for a sum of US$1 billion and payment of legal fees of RM664,821.21 for their alleged role in the fraud. The law firm had represented 1MDB in the past.
He was the project director with Kerjaya Prospek (M) Sdn Bhd since 2015 and has over 18 years of experience in the construction sector, especially in high rise buildings
In a statement today, the ministry said Malaysia's Asset Recovery Trust Account had received RM16.05 billion in seized and repatriated 1MDB funds.
In a note today, Maybank Investment Bank economists Suhaimi Ilias, Dr Zamros Dzulkafli, Ramesh Lankanathan and William Poh Chee Keong said they are keeping the research firm's full-year 2021 economic growth forecast for Malaysia as measured by gross domestic product (GDP) at 5.1% for the time being
Six owners were fined between S$1,400 (RM4,349) and S$2,000 for their negligence
Noteworthy:
● Freehold
● Built-up: 1,625 sq ft
● Three bedrooms; three bathrooms
● High floor with balcony and private lift lobby
● Furnished unit with kitchen cabinet, kitchen countertop island and kitchen appliances
● Facilities: 25m and 50m saltwater infinity pools, wading pool, sky gym, sky lounge, viewing deck, children's playroom, reading room, games room, entertainment lounge, multi-purpose hall, covered link-bridge to Platinum Sentral, landscaped garden and playground
● Amenities: Cardiac Vascular Sentral Kuala Lumpur, corporate office towers, KL Sentral Station, NU Sentral Mall, The St Regis KL Hotel and Residences, Hilton KL, Le Méridien KL, Aloft Hotel, Ascott Sentral, Lake Gardens and KL Bird Park
When: March 2021
Noteworthy:
● Freehold
● High-level unit
● Built-up: 1,326 sq ft
● Three bedrooms; two bathrooms
● Facilities: 24-hour security, tennis court, squash court, salon, nursery, mini-market, jogging track, clubhouse, cafe, barbecue area, swimming pool, wading pool, children’s playground and gymnasium
● Nearby amenities: Glo Damansara Shopping Mall, TTDI MRT Station (both within 10-minute walking distance), SS20 Commercial Centre, 3 Damansara Shopping Mall (two minutes’ drive), Kuala Lumpur Golf and Country Club (KLGCC), 1 Utama Shopping Centre, TTDI Plaza, Damansara Uptown, Tropicana City Mall, SK TTDI, SMK TTDI, and Phileo Damansara
● Accessibility: Sprint Highway, Jalan Damansara and Damansara-Puchong Highway (LDP)
When: Jan 2021
"Nothing the firm did or did not do caused any loss to 1MDB. Therefore, the extraordinary sum claimed is wholly unjustified and an attempt to pressure the firm into a settlement."
"We observed that 80% of current infections are not in clusters but are sporadic. This means that Covid-19 is already in the community and this is why we are worried that the number of cases may rise."