Allow justice to take its course, say defendants in SPNB subsidiary’s lawsuit

Last week, Syarikat Perumahan Negara Bhd was reported to have commenced a lawsuit against its former CEO and 11 others for fraud and conspiracy to defraud.

The defendants named in the suit include property developers Tunas Manja Development & Construction Sdn Bhd and Wiradani Development Sdn Bhd, architect Cheah Kah Lip and his architectural firm Akitek Akiprima Sdn Bhd, and lawyer Leong Yeng Kit. They also said separate winding-up petitions had been brought by Tunas Manja and Wiradani against SPNB Aspirasi for alleged non-payment of undisclosed debts arising from certified interim payment certificates issued to SPNB Aspirasi following arbitration proceedings.

According to the statements, SPNB Aspirasi challenged both arbitration awards in the High Court but failed.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disgraced crypto king pleads ‘good faith’ in US fraud trialNEW YORK, Oct 5 — Two visions of Sam Bankman-Fried, the disgraced crypto king, clashed in a New York courtroom on Wednesday in the opening arguments of his blockbuster trial for...
Source: malaymail - 🏆 1. / 86 Read more »

Sam Bankman-Fried demanded special privileges for his fund, ex-colleague testifiesNEW YORK, Oct 6 — Sam Bankman-Fried’s college roommate and ex-colleague, Gary Wang, testified on Thursday at the FTX cryptocurrency exchange founder’s fraud trial that...
Source: malaymail - 🏆 1. / 86 Read more »