Published: Thursday October 4, 2012 MYT 7:03:00 PM
Updated: Thursday October 4, 2012 MYT 10:23:34 PM
Datuk among 15 detained by Kelantan Insolvency Department
KOTA BARU: A businessman with a "Datuk" title was among 15 people arrested for disobeying a court order to resolve with the Insolvency Department, their bankruptcy cases involving over RM7.6mil in debts.
Kelantan branch Insolvency Department director, Rohaiza Abd Rahman said the 69-year-old businessman was among 285 people who were declared bankrupt by the court since early this year until September.
She said this was the first high-profile bankruptcy case in Kelantan after it was detected two years ago.
"Currently, we are detecting 270 more who were declared bankrupt but yet failed to appear at the Insolvency Department to resolve their cases and most of them were businessmen," she told a press conference at her office here, Thursday.
She urged those who are declared bankrupt by the court to come forward for their cases to be managed to enable their bankruptcy status to be removed.
"Most of those who had court action taken against them, incurred debts at the minimum of RM30,000," she said.
Rohaiza said those declared bankrupt but failed to present themselves at the Insolvency Department for consultation over their case could face action under Section 91 (2) of the Bankruptcy Act 1967 and a warrant of arrest issued against them under Section 28(1)(a) of the same Act.
She said the department had set up an enforcement unit to detect those who disobeyed court order, and from 2010 until June this year, the department had recorded 930 bankruptcy cases and most of them were aged 25 to 55 and above.
"During the period, the department also solved 1,308 bankruptcy cases throughout the state," she added. - Bernama