Friday 29 Mar 2024
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KUALA LUMPUR (Oct 17): Practice Note 17 company R&A Telecommunication Group Bhd said its wholly-owned subsidiary R&A Telecommunication Sdn Bhd (RASB) has filed a writ of summons and statement of claim against RASB’s director Francis Tan Hock Leong in the High Court of Malaya in Kuala Lumpur for RM1.38 million.

In a bourse filing today, R&A said the writ was taken after Tan during the material time after he has breached various duties owed to RASB by failing to effect statutory payments to the Employees’ Provident Fund (EPF), Social Security Organisation, Inland Revenue Board (IRB) of Malaysia and Human Resource Development Fund — collectively referred to statutory creditors — in a timely manner as required under the law.

He also diverted funds which ought to have been used for such purposes towards other usages.

“The defendant (Tan) had also failed to act for a proper purpose and honestly,” it said.

On Oct 11, RAHB had filed a lawsuit against Tan through its solicitors, Messrs Syed Ibrahim & Co.

As a result, RASB’s new management had to divert valuable funds to pay the statutory dues and penalties imposed by the statutory creditors.

“The imposition of penalties is still continuing.

“Further announcement on the development of the above matter will be made to Bursa Malaysia in due course,” the group said.

Meanwhile, on Oct 5, RASB had also filed a consent order entered by RAHB and Mohd Tarmizi Leman in High Court of Malaya in Shah Alam.

The judgement sum was RM1.92 million and Mohd Tarmizi has to pay the sum by no later than Jan 31, 2018.

“As a security for the payment of the judgement sum, the defendant (Mohd Tarmizi) shall within 7 days from the consent judgement, transfer 3.25 million shares held by the defendant in ThreeSixty Technologies Sdn Bhd to RASB’s nominees in the manner set out in the consent judgement,” it said.

Upon receipt of full judgement sum on or before the said date, RASB shall within 7 days transfer the shares back to the defendant.

R&A’s shares have been suspended from trading since September last year.

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