Berjaya cannot be in gaming and own a bank , if PM and Finance Minister Anwar Ibrahim is to be consistent - Recall Anwar preventing Vincent Tan's MUI Bank acquisition

 by Ganesh Sahathevan

Berjaya Group has announced that it is preparing to make a major acquisition in an entity licensed by Bank Negara.  It does sound as if Berjaya is planning to buy a bank.

This would not be the first time that Berjaya and Vincent Tan have made. a move on a bank. In the early to mid-90s Vincent Tan attempted to takeover the old MUI Bank, but lost it Hong Leong and Quek Leng Chan, who renamed in Hong Leong Bank.

Standing in his way was then Finance Minister Anwar Ibrahim who determined that an entity involved in   gaming and cannot  own a bank. Anwar is of course, now Prime Minister. He appointed himself Finance Minister.

TO BE READ WITH 

Friday, April 1, 2022

Vincent Tan son's drug charges and related governance issues raise unavoidable questions about the exercise of the Malaysian Government's Golden Share in Sports Toto

 by Ganesh Sahathevan 

                                                                 

Most Malaysians today may not recall that Berjaya Sports Toto was once better known as Sports Toto Malaysia  Sdn Bhd, a company owned by the Government Of Malaysia.

That company was privatised to Tan Sri Vincent Tan, but the Government retained a Golden Share that allowed it to retain effective control . Given the current judicial scandal involving Vincent's son Nevin Tan, which as this writer says, cannot be divorced from Vincent's own  history with the judiciary, the exercise of that Golden Share comes into focus. 

Suffice to say that these issues concerning the judiciary and Malaysia's legal system are unlikely to have arisen had Vincent not had the financial power and status that have accrued to him as a result of the Sports Toto privatisation, enabled by the Government Of Malaysia. 

TO BE READ WITH

Saturday, February 19, 2022

Tan Sri Vincent Tan son' drug charges cannot be divorced from 2006 Royal Commission which found Tan Sri Vincent had interfered with the judiciary, and from the Vincent -VK Lingam defamation cases of the 90s - Drug charges, and all any related breaches of the law must be thoroughly investigated immediately, findings made public

 by Ganesh Sahathevan

FMT has reported:

Former Attorney-General Tommy Thomas has slammed allegations that he acted in a corrupt manner in handling the case of tycoon Vincent Tan’s son who was arrested for drug offences, when he was in office.

In a statement, Thomas said as is usual in criminal matters, lawyers of the accused submitted written representations to the Attorney-General’s Chambers (AGC) to reconsider the decision to charge.

This comes after Twitter account Edisi Siasat, which recently changed its name to Edisi Khas, claimed that although Tan’s son was arrested under Section 39B of the Dangerous Drugs Act for being involved in a very large quantity of drugs, the case was classified as an NFA (no further action) by Thomas.

This report should be read in context of the 2006 Royal Commission of inquiry into the  VK Lingam tapes which found that Tan Sri Vincent Tan and others had interfered with the judiciary  

Malaysian law does not tolerate drug traffickers. The law must be applied equally to all.

TO BE READ WITH

NEWS

When AG was in the dock for contempt in 1998

Published:  Apr 24, 2019 7:28 PM

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Updated: 9:14 PM

Much to the chagrin of the legal fraternity, the Federal Court yesterday imposed a 30-day prison sentence and RM40,000 fine on lawyer Arun Kasi for contempt of court. It also dismissed his application for a stay of execution of the ruling.

In delivering the sentence, Justice Ramly Ali, who led a five-member panel, cited Arun's refusal to tender an unreserved apology for his remarks.

Attorney-General Tommy Thomas had initiated the contempt proceedings on the grounds that Arun's online articles scandalised judges of the Federal Court.

Ironically, Thomas was in Arun's shoes more than two decades ago.

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In 1998, then High Court judge RK Nathan had convicted Thomas for contempt and sentenced the latter to six months in jail.

This was over Thomas' comment regarding the settlement of the defamation suits filed against him and law firm Skrine & Co by business tycoon Vincent Tan, his companies and his lawyer VK Lingam.

The defamation suits were over an article in London-based trade magazine International Commercial Litigation, in which Thomas is alleged to have said that certain plaintiffs and their lawyers enjoyed improper preferential treatment in the courts.

The article also questioned the independence of the judiciary, especially in cases involving influential businesses.

In his judgment, Nathan (photo) found Thomas' statement to have insulted the court and a repudiation of a settlement agreement in a libel case.

In the statement which the judge found offensive, Thomas had said he had not been consulted adequately by his insurers about the decision to settle and that the settlement was insisted upon by the insurer despite his objections.

Despite Thomas retracting the statement, expressing regret and apologising to the court, Nathan slapped him with the six-month sentence.

In 2001, The Court of Appeal substituted the jail sentence with an RM10,000 fine, with one of the three judges giving a dissenting opinion. 

The court also granted Thomas a stay of execution pending his appeal to the Federal Court.

The dissenting judge was Gopal Sri Ram, who held that the appeal must be allowed, as the conviction against Thomas "destroys the freedom of thought and speech."

Fast forward to 2019, the Attorney-General's Chambers has appointed Sri Ram (photo) as the lead prosecutor for the 1MDB-related charges against former premier Najib Abdul Razak.

Among those who criticised the sentence meted out to Arun was Lawyers for Liberty (LFL) executive director Latheefa Koya, who asked if he was a soft target.

She pointed out that the same issue which landed Arun in trouble was raised by Court of Appeal judge Hamid Sultan Abu Backer in his explosive affidavit alleging judicial misconduct, which led Prime Minister Dr Mahathir Mohamad to announce the formation royal commission of inquiry into the matter. 

Arun's offending statements were in relation to the Federal Court expunging a dissenting judgment by Hamid in the case of Leap Modulation Sdn Bhd vs PCP Construction Sdn Bhd.

The lawyer had previously asserted that his comments constituted fair criticism.