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.
PETALING JAYA: After two days of trading suspension, Scomi Group Bhd finally confirmed the widely-speculated entry of two new substantial shareholders into the group.
Prominent businessman Tan Sri Wan Azmi Wan Hamzah as well as former Renong Bhd managing director Datuk Mohd Zakhir Siddiqy Sidek, through his vehicle Gelombang Global Sdn Bhd, will become substantial shareholders in the debt-laden group, following an upcoming rights issue as well as a proposed restricted issue announced yesterday.
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