Finance Dept unaware hotel purchase not approved by Felda, says witness | Malay Mail

📆 08-10-19 18:48:00
📰 malaymail

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 86%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

KUALA LUMPUR, Oct 8 — Felda’s Finance Department was not aware that Felda Investment Corporation Sdn Bhd (FICSB)’s purchase of Merdeka Palace Hotel & Suites (MPHS) in Kuching, Sarawak, worth RM160 million, did not have the approval of its board of directors (BOD). Former...

Tuesday, 08 Oct 2019 06:28 PM MYT

Former Felda finance director Mohd Shahrin Mohd Ali, 50, told the High Court here today that an application from FICSB, a subsidiary of Felda, for an advance of RM1 million and RM1.88 million to purchase the hotel, made no mention of any approval for the deal. The witness said Felda’s finance department would not have approved the advance payment to FICSB had it known that the purchase did not get the approval of the BOD.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Finance Dept unaware hotel purchase not approved by Felda - witnessEx-Felda finance director testifies during second day of trial of former Felda chairperson Mohd Isa Samad. Hotel wasn't aware there even was a finance department. Boss steal. Staff sleep. Felda settlers suffer.
La source: malaysiakini - 🏆 20. / 51 Lire la suite »