Former Perak Corp CEO charged with taking RM455k bribe
IPOH, Jan 10 — Datuk Aminuddin Md Desa, the former group chief executive of Perak Corp Berhad, today claimed trial to receiving RM455,660 from a contractor via the construction of a bungalow at Hulu Kinta here last year.
The 56-year-old was alleged to have committed the offence between Jan 17 and July 3 at Public Bank Berhad’s Jalan Sultan Idris Shah branch at 76, Jalan Sultan Idris Shah.
He was accused of receiving the bribe from one Chua Kim Weng, Uni-poh Construction Works Sdn Bhd director, with the knowledge that Chua's company had an interest in contract work at Bandar Meruraya 2 (Zone 9) which was linked to Aminuddin's official duties.
He was charged under Section 165 of the Penal Code, punishable with a maximum jail sentence of two years, or a fine, or both.
Farah Yasmin Salleh, who prosecuted, proposed a bail of RM20,000 with one surety.
She also asked Aminuddin's passport be impounded pending the disposal of the case.
Sessions Court judge S. Indera Nehru set February 22 for case management and fixed bail at RM15,000 with one surety.
She also ordered Aminuddin to hand over his passport.
Aminuddin was represented by Najmi Dawami Abdul Hamid.
Earlier, Aminuddin arrived at court at about 8.45am accompanied by his family.
Clad in white long sleeve short and slack, Aminuddin had used his blue coloured coat to cover his handcuffed hands.
Aminuddin resigned as group CEO last year and was reported arrested after he was summoned to the Perak office of the Malaysian Anti-Corruption Commission at 11.20am yesterday.
Animation Theme Park Sdn Bhd (ATP), a 51%-owned unit of loss-making Perak Corp Bhd (PCB), has defaulted on its repayment of a syndicated term loan facility of up to RM280 million.
The facility was granted by Affin Hwang Investment Bank Bhd, Affin Bank Bhd, Bank Pembangunan Malaysia Bhd and Malaysia Debt Ventures Bhd.
According to a filing with the bourse, ATP — the developer, owner and operator of Movie Animation Park Studios (MAPS) — defaulted on a RM25.7 million repayment on Sept 26, 2019, citing cash flow constraints.
State-owned Perak Corp now a PN17 firm KUALA LUMPUR (Feb 11): Perak Corp Bhd — whose Movie Animation Park Studios (MAPS) theme park in Ipoh was closed last month until further notice — has lapsed into Practice Note 17 (PN17) status. The state-owned firm told the stock exchange today that it is now regarded a PN17 company, arising from the default in payment and its inability to declare solvency. This comes after the group defaulted on another repayment of principal, this time in respect of the Musharakah Mutanaqisah Term Financing-i and Tawarruq Revolving Credit-i of up to RM100 million granted by Affin Islamic Bank Bhd. Last October, Animation Theme Park Sdn Bhd — a 51%-owned subsidiary of PCB Development Sdn Bhd, which in turn is a wholly-owned unit of Perak Corp — defaulted in its repayment of principal for a syndicated term loan facility of up to RM280 million involving Affin Hwang Investment Bank Bhd, Affin Bank Bhd, Bank Pembangunan Malaysia Bhd and Malaysia Debt Ventures Bhd. “After taking into consideration the group’s current cash flow position vis-à-vis its total debt obligations payable and the available cash flow, the company is unable to declare that it is solvent, pursuant to paragraph 9.19A(4) of the Listing Requirements. “Arising from the default in payment and the company is unable to declare that it is solvent, the company has triggered the prescribed criteria under paragraph 2.1(f) of the PN 17 of the Listing Requirements,” it added.
The pro forma effects of the other components of the Proposed New Scheme of Arrangement on the consolidated net asset and gearing of PCB Group based on the latest audited consolidated financial statements as at 31 December 2019 and assuming Proposed New Scheme of Arrangement had been effected as at 31 December 2019 are shown below: Audited as at 31 December 2019 After Proposed Disposal of PERKESO Properties After Proposed New Scheme of Arrangement RM’000 RM’000 RM’000 Share capital 272,770 272,770 272,770 (Accumulated losses) / Retained earnings (86,081) (40,188) 49,792 186,689 232,582 322,562 Non-controlling interest (195,777) (195,777) (195,777) Total Equity (9,088) 36,805 126,785 No. of Shares (‘000) 100,000 100,000 100,000 Net (liability) / asset per Share (RM)(3) (0.09) 0.37 1.27
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J For Janice
Posted by J For Janice > 2018-08-01 15:48 | Report Abuse
KYY is coming,BUY