RM2 million of the fine imposed is the maximum fine provided under Section 354(3)(b) of the CMSA. Deloitte was also slapped with another RM200,000 fine for not submitting a copy of financial statements to a trustee within the legally stipulated time.
However, if Malaysia decides that Goldman is paying too little, then the government will look to the court to decide on the compensation amount.
The award is for the construction of a 5.7-kilometer by-pass from Bandar Baru Ayer Itam connecting to Lebuhraya Tun Dr Lim Chong Eu.
Justo, his wife Laura and four-year-old son Zander, visited The Edge Media Group’s office in Petaling Jaya, Selangor, on Jan 31, where they met Tong and group publisher and CEO Ho Kay Tat.
The contract period is for 27 months, starting from Feb 18, 2019.
Abdul Yazid, who was also formerly the head of project management at Zelan Bhd, is replacing Datuk Seri Shahril Mokhtar, who stepped down at the end of last year on the conclusion of his contract.
This is the fourth adjustment following the implementation of the automatic fuel pricing mechanism on Jan 5, which determines fuel prices on a weekly basis.
Country Heights said Lee has "gratuitously agreed to the extension in the best interest of the group after taking into consideration the financial obligations of the group".
"Private consumption will continue to be underpinned by stable employment and wage growth, while private investment will be supported by ongoing multi-year projects in both export- and domestic-oriented industries.”
Rahmat Lim were the lawyers representing the US investment banking giant during the issuance of the 1MDB bonds in 2012 and 2013 totalling US$6.5 billion.
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