The chief executive of one victim, depositor Saigonbank Berjaya Securities JSC (SBBS) - a unit of Malaysia's Berjaya Corporation Bhd - told Reuters that if the ruling was upheld, she had little hope of recouping her bank's $10 million from the perpetrator, who was sentenced to life imprisonment. "We can't afford to lose the case. This represents 70 percent of our capital. Our business may get suspended," Josephine Yei said in an interview.
KUALA LUMPUR: Vivocom International Holdings Bhd has secured a RM12.6 million project from CRCC Malaysia Bhd to supply labour, tools and equipment for the construction and completion of the reinforced concrete structure and structural steel works for an office tower.
In a filing with Bursa Malaysia, Vivocom said its unit, Vivocom Enterprise Sdn Bhd, has received and accepted the letter of award (LOA) from CRCC for the proposed project.
“This project will be completed by May 31, 2019 and is expected to contribute positively to the group’s earnings and net assets for the duration of the project,” added Vivocom. - Bernama
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