SEPANG: The Home Ministry will determine if the disposal of equity interest by the company granted the National Integrated Immigration System (NIISe) project has breached the terms and conditions of the agreement signed with the government, says Datuk Seri Saifuddin Nasution Ismail.
SEPANG: The Home Ministry will determine if the disposal of equity interest by the company granted the National Integrated Immigration System project has breached the terms and conditions of the agreement signed with the government, says Datuk Seri Saifuddin Nasution Ismail .
“I had called for the briefing to determine if the corporate exercise conflicted with the contract signed between the company awarded the project and the government.“The briefing was short. I have been supplied with a rather thick document, and I will be reading every line before making any decision or taking any action,” he told reporters at KL International Airport yesterday.“Allow me to focus on the corporate exercise.
In a filing with Bursa Malaysia, Iris Corp said the proposed disposal would enable the company to unlock its investment in IITS, and the disposal consideration would contribute positively to its cash flow.News reports quoted Immigration director-general Datuk Seri Khairul Dzaimee Daud as saying that NIISe would be introduced in two years with all immigration-related affairs, including those now managed by outside parties, reverting to the department.
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