April 06, 2012
KUALA LUMPUR, April 6 Hong Leong Finance Berhad (HLFB) won an order currently to quash subpoenas released to Datuk Seri Anwar Ibrahim as well as a chairman Tan Sri Quek Leng Chan by a businessman who claims he was a hopeful of a antithesis personality for a RM445 million syndicated loan.
The High Court here said Anwar(picture), who was deputy budding apportion when a loan was released in 1997, as well as a aristocrat were not element witnesses as well as could not assistance settle a facts of a case. In 1998, HLFB filed a fit opposite Low Thiam Hoe, named as a sole defendant, for RM28.6 million for allegedly failing to repay a loan.
In 1999, Low filed a counter-claim opposite HLFB, HLG Capital Markets Sdn Bhd as well as Hong Leong Credit Bhd's former CEO Seow Lun Hoo, asking for damages for alleged prejudicial or inattentive advice.
Low has said in his counterclaim that a loan agreement was entered by him as part of a larger contract by a lenders a associate of bankers as well as financiers to finance a infancy shareholders of Arus Murni Corporation Bhd that owns Kewangan Bersatu Bhd (KBB).
He told a justice last month he was a victim in a 1997 understanding where he was assisting Anwar as well as Quek but certified he had nothing in black as well as white to infer he was simply a hopeful of a then finance minister.
He claimed that dual individuals, including Mohd Faiz Abdullah, who he said was Anwar's speechwriter, approached him in Mar 1997 as well as said they were from Arus Murni as well as behaving upon interest of a PKR de facto personality as well as Quek.
Low said that HLFB, by Quek, was then pushing to acquire KBB, that was at a time acquired by Arus Murni from one Ishak Ismail for RM390 million.
He said he conclude! d to be a nominee, or "conduit", for a syndicated loan transaction.
More Barisan Nasional (BN) | Pakatan Rakyat (PR) | Sociopolitics Plus |
Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
No comments:
Post a Comment