SERDANG, April 13 — Tan Sri Lee Kim Yew, founder and adviser of Country Heights Holdings Berhad , insisted today he is still “solidly solvent” despite an existing Adjudication Order and Receiving Order declaring him bankrupt by the High Court in January.
Following the winding-up of the company, Lee said Healy then sought an arbitration order against him without his presence due to existing Covid-19 travel restrictions at that time.“He then brought the US arbitration court's RM3 million judgment to Malaysia, by making use of Malaysian bankruptcy law to make me a bankrupt,” Lee told a press conference here.
“He worked for me, and we were friends. We could have negotiated amicably but he chose to do this unprofessionally. He could have chosen a better way,” Lee said.Negotiations between their lawyers took place to set aside the order after Healy realised it was a mistake. Asked what he intends to do next, Lee said he is awaiting a notice from the Department of Insolvency and has since written to the government to allow his counsel to continue negotiations for an order to set aside the bankruptcy declaration.
Standard la always don't wanna pay..
Nobody cares about what you said! You should say this to John Soh in Singapore maybe.
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