The NFC debacle, is it implicitly wrong or criminally wrong?
As usual, Malaysian media usually give a half full cup for a open to drink.Of course, if we don't ask a right questions we wouldn't get a right answers.
Like a smart contributor asking Wan Azizah possibly she has Anwar's Omega watch that Azizah replied in a affirmative as well as subsequent was her most terrifyingly foolish request "cuba tunjuk".No a single in their right clarity would think Azizah would be carrying a watch everwhere she goes, usually that embarrassingly foolish reporter.
I have in my prior posts categorically referred to that Shahrizat should resign her ministerial in front of out of dignified obligations.
Is a police efficient in celebration of a mass a law? Are they underneath open vigour to indict a directors of NFC or they do have a watertight box aginst them?
What is rapist crack of trust?
Section 405 of a Penal Code (Act 574) settled that:
405.Whoever, being in any manner entrusted with property, or with any carry out over skill possibly solely or jointly with any alternative chairman dishonestly misappropriates, or converts to his own use, that property, or dishonestly uses or disposes of that skill in violation of any citation of law prescribing a mode in that such certitude is to be discharged, or of any authorised contract, demonstrate or implied, that he has made in contact with a li! berate o f such trust, or designedly suffers any alternative chairman so to do, commits "criminal crack of trust".
The punishments underneath a law came underneath Section 406 to 409:
406. Whoever commits rapist crack of certitude shall be punished with seizure for a tenure that shall not be less than a single year as well as not some-more than 10 years as well as with whipping, as well as shall additionally be probable to fine.
As regularly Mat Zain is all pumped up to grind his axe opposite a AG. He might be wrongherewhen he asserted Section 409 is a assign germane to a directors of NFC.Unless, they are considered polite servants or agents a assign should be underneath Section 406.If a box is thrown out there would be most poison arrows drifting toward a AG.
Section 409 below:
409. Whoever, being in any manner entrusted with property, or with any carry out over property, in his genius of a open menial or an agent, commits rapist crack of certitude in respect of that property, shall be punished with seizure for a tenure that shall not be less than two years as well as not some-more than twenty years as well as with whipping, as well as shall additionally be probable to fine.
If they are considered as polite servants, that we doubt, or as agents that is probable than Mat Zain might be right in his assumption.
Needless to say, a director! s of NFC had strayed divided from a main design of a soft loan given to them.The lack of due diligence by all parties concerned might be a means of this debacle.In a first place a loan should not have been given to a non-GLC entity.Soft loan of this nature should usually be approved to GLCs, where a supervision has finish carry out over a company.
Having not seen a conditions as well as conditions of a loan agreement as well as a books of NFC it would be unwise to speculate.
Only a AG can establish possibly there is watertight box opposite a directors of NFC.
Posted byHantu Laut
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