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Showing posts from July, 2015

Ahmad Sarji and the PNB board may be compelled to appoint receivers to 1 MDB

by Ganesh Sahathevan  Tun Ahmad Sarji and the Permodalan Nasional Bhd board may be under a duty and therefore compelled to appoint receivers to 1 MDB. As previously reported, the 1 MDB Sukuk facility default provisions have been triggered and RM 2.4 billion  may be payable immediately. It has been reported (and PNB has dutifully denied) that  PNB bought RM579.2 million of that  1MDB sukuk issue. Given the twists,turns,and pirouettes in the 1 MDB story, often spun by 1 MDB itself,that denial can probably be discounted ,and the PNB board may be assumed to be under a duty to the  corporation to protect its interest in that investment in 1 MDB. Failure to do so may give rise to a claim  for damages , by the millions of Bumiputera unitholders, against the board. END 1 MDB Sukuk facility default provisions have been triggered-RM 2.4 billion payable immediately? by Ganesh Sahathevan The deluge of "tampered" documents seems never ending.These excerpts...

The case of Datuk Harun Idris-Useful reference for current times

  Malayan Law Journal Reports/1 977/Vol ume 2/DATUK HAJI  HARUN BIN  HAJI IDRIS  v PUBLIC PROSECUTOR - [1977] 2 MLJ 155 - 10 June 1977 25 pages [1977] 2 MLJ 155 DATUK HAJI HARUN BIN HAJI IDRIS v PUBLIC PROSECUTOR FC KUALA LUMPUR SUFFIAN LP, ALI HAMAN AND WAN SULEIMAN FJJ FEDERAL COURT CRIMINAL APPEAL NO 19 OF 1976 21-25, 28-31 MARCH 1977, 1-4, 6 APRIL 1977, 10 June 1977 Criminal Law and Procedure -- Transfer of case from subordinate court to High Court on certificate of  Attorney-General -- Whether legal -- Whether section 418A Criminal Procedure Code ultra vires the  Constit ution --  Corru ption --  Admissi on of  stateme nt to  police -- Evidence of  other possibl e  offence s, wrongly  admitted -- Evidence of system -- Evidence Act, 1950, ss 15, 24, 29, 54 -- Criminal Procedure Code (FMS  Cap 6), ss 138, 177, 417 and 418A -- Fedederal Constitution, Articles 4(1) and 8  Bribery and Corruption -- Whether accuse...