Court freezes RM169m worth of assets belonging to Asia Media founder Ricky Wong
Sunday, 10 May 2020 04:52 PM MYTKUALA LUMPUR, May 10 — The Kuala Lumpur High Court has granted an interim order for the Securities Commission Malaysia to freeze the assets of Datuk Wong Shee Kai, or better known as Ricky Wong.
“The order, obtained under Section 360 of the CMSA, prohibits Wong, his mother Teh Sew Wan, and a company owned by them, Wong SK Holdings Sdn Bhd, from dealing with assets and properties to the value of RM169,223,500.00. “This Order will bind all the defendants and also prohibit any person from knowingly assisting or permitting any dealings with the defendants’ assets and properties.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU court says it ‘alone’ has jurisdiction over ECB | Malay MailBRUSSELS, May 8 — The EU’s highest court today said it alone had legal authority over the European Central Bank, firmly rejecting a German Constitutional Court ruling critical of the bank’s ambitious stimulus policies. The highly unusual intervention came after the German ruling issued...
Read more »
US Supreme Court to take on Trump taxes and presidential immunity | Malay MailWASHINGTON, May 10 — Can Donald Trump refuse to turn over his tax returns and financial records to Congress and New York prosecutors? The Supreme Court takes up this politically charged question on Tuesday, and it may use the occasion to better define the limits of presidential immunity. The high...
Read more »
New figures predict that travel to Asia-Pacific will rebound quickly in 2021 | Malay MailPARIS, May 8 — Here’s some optimistic news: Updated figures on the state of the travel industry in Asia-Pacific predict that the region will recover rapidly from its steep drop in activity from Covid-19 in 2021. In its latest report, the Pacific Asia Travel Association (Pata) said it expects...
Read more »
US next week to start purchasing US$3b worth of farm goods, says Trump | Malay MailWASHINGTON, May 10 — President Donald Trump yesterday said the United States will next week begin purchasing US$3 billion worth of dairy, meat and produce from farmers as unemployment soars and people are forced to food lines. “Starting early next week, at my order, the USA will be purchasing,...
Read more »
US Supreme Court to take on Trump taxes and presidential immunity | Malay MailWASHINGTON, May 10 — Can Donald Trump refuse to turn over his tax returns and financial records to Congress and New York prosecutors? The Supreme Court takes up this politically charged question on Tuesday, and it may use the occasion to better define the limits of presidential immunity. The high...
Read more »
EU court says it ‘alone’ has jurisdiction over ECB | Malay MailBRUSSELS, May 8 — The EU’s highest court today said it alone had legal authority over the European Central Bank, firmly rejecting a German Constitutional Court ruling critical of the bank’s ambitious stimulus policies. The highly unusual intervention came after the German ruling issued...
Read more »