Latest news with #RM19
The Star
5 days ago
- Climate
- The Star
Lightning strikes kill at least 33 people
Lightning strikes during monsoon storms in eastern India this week killed at least 33 people and injured dozens, officials said. The deaths in Bihar occurred during fierce storms between Wednesday and Thursday, a state disaster management department statement said, with the victims mostly farmers and labourers working in the open. More heavy rain and lightning are forecast for parts of the state. Bihar state's disaster management minister, Vijay Kumar Mandal, said officials in vulnerable districts had been directed to 'create awareness to take precautionary steps following an alert on lightning'. The state government announced compensation of 4 million rupees (RM19,550) to the families of those killed by lightning. At least 243 died by lightning in 2024 and 275 the year earlier, according to the state government. India's eastern region, including Bihar, is prone to annual floods that kill dozens and displace hundreds of thousands of people during peak monsoon season. — AFP
Borneo Post
7 days ago
- Borneo Post
Junkie duo nabbed over break-in, theft in Ulu Krian to fund drug habit
Handout photo shows the recovered items and car used by the suspects. SARATOK (July 16): Two drug addicts were arrested Tuesday in connection with a break-in at a site cabin belonging to a telecommunications infrastructure company at the Ulu Krian junction here. Saratok police chief DSP Mathew Manggie said the arrest of the suspects, aged 25 and 29, took place at a house in Taman Seroja Indah at about 8pm, five hours after a report on the incident was lodged by the site manager. 'The raiding team was able to recover stolen items worth RM19,350, namely a generator, ladder, two outdoor units (ODU), and two inverters. 'A car believed to have been used by the suspects was also seized,' he said in a statement today. He added both suspects were later tested positive for amphetamine and methamphetamine. 'Initial investigations revealed they stole the items with intention to sell to fund their drug habit.' The case is being investigated under Section 457 of the Penal Code. arrest break-in druggies Saratok
New Straits Times
15-07-2025
- Business
- New Straits Times
Investment firm directors jailed 20 days for failing to comply with Mareva injunction
KUALA LUMPUR: The High Court today jailed two directors of an investment firm 20 days each after finding them guilty of contempt of court for failing to comply with a Mareva injunction. Judicial Commissioner Yusrin Faidz Yusoff sentenced Syed Mahadzir Fadaak Syed Jamil Fadaak and his wife, Erna Elliyana Rosli, for not complying with the injunctions issued on Sept 5 and Nov 22 last year. A Mareva injunction is an order to freeze assets and prevent the transfer of assets before a judgment is enforced. The couple apologised to the court for failing to comply with the Mareva injunction. "We had no intention of insulting the court. We did not understand what was demanded of us," said Syed Mahadzir. He said there was an ongoing audit and they only obtained a draft report as they were unable to pay the audit firm after their bank accounts were frozen. The Mareva injunction was issued amid a civil suit on breach of contract. It came after the couple's firm, Alpha Capital (M) Bhd, failed to pay monthly dividend returns to 64 investors. The 64 investors sued Alpha Capital for breach of contract involving RM19,831.440.50 of monthly dividend returns. Yusrin suspended the jail term for two months to give the couple time to fully comply with the Mareva injunction issued in September last year. The judge fined the couple RM10,000 each, which must be settled within seven days, in default seven days' jail. In his ruling, Yusrin said he was not persuaded that the couple should only be fined, given the circumstances of the case. "The great concealment of the material information, the failure to comply over an extended period and the strategic nature of the non-disclosure demands a stern response," he said. Lawyers Sachpreetraj Singh and Simran Kaur acted for the 64 investors, while Ganesh Magenthiran appeared for the couple.
Barnama
15-07-2025
- Business
- Barnama
Two Company Directors Jailed 20 Days For Defying Mareva Injunction
KUALA LUMPUR, July 15 (Bernama) -- The High Court today sentenced two directors of an investment firm to 20 days in jail for contempt of court after they were found guilty of failing to comply with a Mareva injunction issued in a civil suit involving breach of contract. Judicial Commissioner Yusrin Faidz Yusoff handed down the sentence against the directors of Alpha Capital (M) Bhd, Syed Mahadzir Fadaak Syed Jamil Fadaak, and his wife, Erna Elliyana Rosli, for defying the court orders dated Sept 5 and Nov 22 last year. However, Yusrin allowed a stay of the execution of the jail sentence for two months from today, to give time for the couple to fully comply with the Mareva order issued on Sept 5, 2024. "In the totality of the circumstances, the court is not persuaded that the fine would be sufficient for a just sanction. "The great concealment of the material information, the failure to comply over an extended period and the strategic nature of the non-disclosure demand a stern response," said Yusrin in delivering his decision. In addition to the jail sentence, the court also ordered the couple to pay a fine of RM10,000 each within seven days, failing which they would face an additional seven days in prison. Last month, the court found Syed Mahadzir Fadaak and Erna Elliyana guilty of contempt for failure to adhere to the Mareva injunction filed by their investors in September last year. Today's decision stemmed from an interlocutory application in a civil suit filed by the 64 investors against Alpha Capital for failing to pay monthly dividend returns, involving a collective sum of RM19,831,440.50. A Mareva injunction is a temporary order preventing the defendant from disposing of assets until a decision is made in the case between the plaintiff and defendant.
The Sun
15-07-2025
- Business
- The Sun
Two company directors jailed 20 days for defying Mareva injunction
KUALA LUMPUR: The High Court sentenced two directors of Alpha Capital (M) Bhd to 20 days in jail for contempt of court after they failed to comply with a Mareva injunction in a civil suit involving breach of contract. Judicial Commissioner Yusrin Faidz Yusoff ruled that the directors, Syed Mahadzir Fadaak Syed Jamil Fadaak and his wife Erna Elliyana Rosli, had deliberately defied court orders issued on Sept 5 and Nov 22 last year. The court granted a two-month stay of execution to allow the couple time to fully comply with the Mareva order. Yusrin stated that a fine alone would not suffice given the severity of their non-compliance. 'The great concealment of the material information, the failure to comply over an extended period and the strategic nature of the non-disclosure demand a stern response,' he said. In addition to the jail term, the court imposed a RM10,000 fine on each director, payable within seven days, failing which they would serve an additional seven days in prison. The contempt charges arose from their failure to adhere to the Mareva injunction filed by 64 investors who accused Alpha Capital of failing to pay monthly dividends totalling RM19,831,440.50. A Mareva injunction is a temporary court order preventing defendants from disposing of assets until a case is resolved. During proceedings, the directors apologised, claiming they did not intend to disrespect the court. 'We did not intend to be in contempt of court, we do not understand what was being requested (in the Mareva injunction),' said Syed Mahadzir Fadaak. He added that their bank accounts were frozen, delaying a full audit report. Lawyers Sachpreetraj Singh and Simran Kaur represented the investors, while Ganesh Magenthiran acted for the directors. - Bernama
