Latest news with #MBSBBank
Borneo Post
7 days ago
- Borneo Post
Four jailed for aiding organised crime group
Leong (left) escorted to a High Court room on Tuesday. KOTA KINABALU (Aug 12): Four individuals were sentenced by a High Court here on Tuesday to three and a half years' imprisonment for separate charges of assisting an organised crime group in committing a serious offence in order to obtain a material benefit. Josepin J. Langkan, 38, Nasir Abdul Rasid, 60, Vireonis Jonok, 35, and Leong Hin Ping, 62, pleaded guilty before Justice Datuk Duncan Sikodol to their alternative charges under Section 130W of the Penal Code. The offence carries a jail term of up to 10 years, upon conviction. They admitted to assist the organised crime group in furthering its interests between April 26 and July 10, 2024, at the MBSB Bank branch here. Meanwhile, Mazlani Jenuary, 53, who had also pleaded guilty to a similar alternative charge, will be sentenced on September 22. His sentencing was put off following a request by his counsel. The prosecution had offered these alternative charges against them following the acceptance of their representation to the deputy public prosecutor's office. The court heard that Josepin, Nasir, Vireonis and Leong were arrested at separate locations between June 28 and July 12, 2024. In mitigation, their lawyers, among others prayed for a lenient sentence on the grounds that all their clients were first offenders and they had regretted with what they had done. Counsel Luke Ressa Balang had submitted that Vireonis is suffering from Systemic Lupus Erythematosus (SLE) disease and argued that a lengthy jail sentence would seriously affect his health. In reply, the prosecution urged the court to impose a deterrent sentence and to take into account public interest and the seriousness of the offence. Besides Luke, Josepin, Leong and Vireonis were also represented by counsel Hairul Vaiyron Othman, while Nasir was represented by counsel Dominic Chew. On June 13, three of the 10 individuals charged with a similar offence were sentenced to five years' imprisonment by the same court.
New Straits Times
7 days ago
- New Straits Times
Four jailed 3.5 years for helping crime group steal from bank accounts
KOTA KINABALU: Four people were sentenced by the High Court here to three and a half years in jail for helping an organised crime group steal RM24.2 million from several bank accounts. Josepin J. Langkan, 38, Nasir Abdul Rasid, 60, Vireonis Jonok, 35, and Leong Hin Ping, 62, pleaded guilty before judge Datuk Duncan Sikodol to an alternative charge under Section 130W of the Penal Code, which carries up to 10 years in jail upon conviction. They were found guilty of helping an organised crime group further its interests between April 26 and July 10, 2024, at the MBSB Bank branch here. Accused Mazlani Jenuary, 53, also pleaded guilty to the alternative charge, but his case would be mentioned on Sept 22 for facts and sentencing following a request from his counsel. The prosecution offered the alternative charge after accepting representation letters from all the accused. According to the facts of the case, a police report was lodged on June 27, 2024 following intelligence gathering on an organised crime group involved in forging identity cards, fraud and criminal breach of trust. Josepin, Nasir, Vireonis and Leong were arrested at various locations between June 28 and July 12, 2024. Investigations revealed that the accused helped the group commit criminal breach of trust, using forged documents, including MyKad, to obtain material benefits. With their assistance, the group was able to withdraw large sums of money from several fixed deposit accounts at MBSB Bank in Kota Kinabalu. The accused also helped the group withdraw millions of ringgit in three cases in Manggatal and one in Tanjung Aru. These cases are being investigated under Section 408 of the Penal Code, read together with Section 120B of the code. Josepin, Leong and Vireonis were represented by counsel Luke Ressa Balang and Hairul Vaiyron Othman, while Nasir was represented by Dominic Chew. Deputy public prosecutors Mohd Ashrof Adrin Kamarul, Datuk Nazran Mohd Sham and Yazid Mustaqin Roslan conducted the prosecution. In mitigation, the counsel requested leniency, saying all the accused were first-time offenders and expressed remorse for their actions. Luke said Vireonis has Systemic Lupus Erythematosus and a lengthy prison term would seriously affect his health. He said Josepin and Vireonis would become prosecution witnesses. The prosecution sought a deterrent sentence, citing public interest and the seriousness of the offence. The court ordered the prison sentences for each accused to start from their date of arrest. Suspects Irene Chin Nyuk Thien, 38, and Christina @ Caroline Pianus Etip will go on trial on Sept 22. The two face the original charge under Section 130V(1) of the Penal Code, which carries up to 20 years in jail, for being members of an organised crime group. On June 13, three of the 10 individuals charged in connection with the same case were sentenced to five years in jail by the same High Court judge.
New Straits Times
02-07-2025
- Business
- New Straits Times
Tropicana, MBSB Bank offer attractive financing for Johor's Skypark Kepler
JOHOR BHARU: Tropicana Corp Bhd has teamed up with MBSB Bank to offer an attractive financing package for Skypark Kepler, the first branded residences by Banyan Group, located within the Lido Waterfront Boulevard (Lido) development in Johor. Under the collaboration, eligible buyers can enjoy competitive financing margins from as low as 3.85 per cent and flexible loan tenures of up to 35 years. The exclusive financing solution, coupled with a special preferential rate, is tailored specifically for Skypark Kepler purchasers, said Usman Ghouse, MBSB Bank's group head of consumer banking. "We are proud to support Tropicana's Skypark Kepler with a tailored financing package, making premium homeownership more accessible to various buyers alike," said Usman. "This collaboration reflects MBSB Bank's ongoing commitment to empower aspiring homeowners through smart, flexible financial solutions." Skypark Kepler is the first phase of Lido, strategically situated within the Johor Bahru Waterfront Zone - a premium incentive area under the Flagship A Johor-Singapore Special Economic Zone. Starting from RM580,000, Skypark Kepler comprises 1,596 fully furnished designer units ranging from 463 sq ft to 807 sq ft across two elegant 54-storey towers, designed to appeal to young professionals, families and retirees alike. Tropicana managing director for marketing, sales and business development Ixora Ang shared that partially furnished units in Tower A are priced at about RM1,300 per sq ft, while the fully furnished residences in Tower B, featuring premium fittings and furnishings from brands like Samsung and Kohler, are priced at about RM1,800 per sq ft. "We conceptualised the Lido master plan years ago, envisioning it as Johor's future metropolis and our crown jewel in the Southern region. Lido will be a landmark township integrating seven key components, exceptional connectivity, and sustainable smart city living," she said. "We hosted soft launches to gauge the market response to this first, branded residences, and have received positive feedback." Tropicana executive director for marketing and sales Jenny Low said around 80 units at Skypark Kepler have been sold to date, with a gross development value of RM100 million - most purchases coming from foreign buyers. Skypark Kepler's official launch was marked by the unveiling of its new show units and an upgraded property gallery at Danga Bay. The freehold development stands out for its many unique features, including international zoning, proximity to the Johor Bahru-Singapore Rapid Transit System, unobstructed waterfront views, a 2.5km coastal boardwalk, a 32-acre green park, and a cultural centre. In November 2024, Tropicana held the official groundbreaking ceremony with main contractor China State Construction Engineering Corporation and signed partnership agreements with Banyan Group, Samsung, and Kohler for the residences' premium finishes and appliances. In May 2025, Tropicana appointed global architecture firm Skidmore, Owings and Merrill to lead the Lidomaster plan transformation. According to Dr. Jeffrey Yee, Tropicana's managing director for the southern region, Skypark Kepler is slated for completion and handover by late 2029 or early 2030.
Malaysian Reserve
18-06-2025
- Business
- Malaysian Reserve
MBSB Bank's 'WorksForMe' makes banking rewarding without the fine print
by TMR MBSB Bank has unveiled 'WorksForMe', a new payroll proposition designed to make saving and building wealth as seamless and rewarding as possible. With this, customers can enjoy the benefits of banking with MBSB Bank without having to meet complicated conditions. Targeted at Malaysia's growing base of salaried employees, freelancers and gig workers, WorksForMe is built for individuals who want a bank that simplifies making sound financial decisions. MBSB Bank's Group Consumer Banking head of liabilities and proposition Soo Bee Teong said as people are becoming more financially knowledgeable, they need tools that align with their lifestyle and financial goals 'With WorksForMe, we have made it easy. You get access to a wide range of rewards, benefits, and flexibility just by crediting your income into your MBSB Bank account. 'No excessive conditions. No complexity. Just good value,' she said in a statement. WorksForMe customers enjoy: • Fee-free ATM withdrawals at all MEPS ATMs nationwide. • Enjoy exclusive benefits when they open a new account with MBSB Bank, from no initial deposit requirements to attractive profit rates. There are more rewards for joint accounts with their children. • Enjoy competitive rates on Personal, Home, and Auto Financing offerings. • Unit Trust investments at only 1.0% sales charge through a trusted fund aggregator, giving customers access to high-quality funds with low barriers. By integrating behavioural insights, WorksForMe supports financially literate customers in overcoming the common trap of present bias. It brings them toward smarter, long-term decisions while giving them control and flexibility. MBSB Bank group chief consumer banking officer Usman Ghouse said the bank believes in making savings and wealth-building frictionless. 'WorksForMe is how we honour that promise by ensuring that every Ringgit you save, spend, or invest with MBSB Bank adds up to a stronger financial future,' he said. WorksForMe is now available at all MBSB Bank branches nationwide.
New Straits Times
16-06-2025
- Business
- New Straits Times
MBSB Bank extends RM180mil financing to MAG for halal aquaculture expansion
KUALA LUMPUR: MBSB Bank Bhd has approved Islamic financing facilities totalling RM180 million for MAG Holdings Bhd to strengthen its operations across the halal aquaculture value chain. The bank said the facilities, structured through term financing-i and trade line facilities-i, will support MAG's working capital and capital expenditure needs. This will particularly help in scaling its cold chain logistics, farming and hatchery infrastructure, and halal seafood export capacity. "We are proud to support MAG's next phase with Shariah-compliant, development-focused financing," MBSB Bank group chief commercial banking officer Che Nazari Che Azid said in a statement today. "This partnership reflects our confidence in their business model and our commitment to sectors like aquaculture and halal food where food security, exports and sustainability intersect." MAG executive chairman Stephen Ng said this facility comes at a pivotal time as the company expands production and strengthens its infrastructure. "With MBSB Bank's support, we're better positioned to advance halal traceability and sustainable aquaculture and to lead with both purpose and resilience," said Ng.
