SRC's board had to comply with PM or go home — Ismee
"Possibly, now, the board member would have to resign or be removed," said Ismee.
"Possibly, now, the board member would have to resign or be removed," said Ismee.
Ooi said these downside come from a challenging property market, higher political risk premium for the construction stocks and abrupt suspensions of mega projects.
"He holds a degree in economics and accounting from the University of Bristol, United Kingdom," BNM said.
At the Kuala Lumpur Court Complex today, Rosmah's lawyer Datuk Geethan Ram Vincent requested High Court judge Mohamed Zaini Mazlan for a stay compliance to reply to the asset declaration notice pending his client's appeal.
Rosmah was here in court to attend her case mention for a money laundering charge at another High Court before Justice Mohamed Zaini Mazlan.
On the 50-acre commercial land owned by MBNSI, the project will comprise shop lots, commercial podiums and residential units.
Ismee told the High Court here today that the board was unaware of several cash transfers that took place.
Ismee said he only got to know now that some of the personnel in SRC were close associates of the runaway businessman.
"There is no family relationship between Mr Low or any of his family members with the above mentioned Goh Gaik Kim," said Low's statement.
It stressed that the cement industry is highly capital intensive and hence needs to have a reasonable return on its investments in order to be able to meet the expectations of all its stakeholders.