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What is the offence of providing false claims (Section 18, MACC Act 2009) Any person providing documents such as receipts / invoices that are false or contains false details with the intention to deceive the principle (office).
The case is being investigated under Section 18 of the MACC Act 2009, which carries a maximum prison sentence of 20 years and a fine of RM10,000 or five times the value of the false claims, whichever is higher, upon conviction.
3 KEY PHRASES FROM MACC
1)However, the [investigation] process will take some time
2)it wouldn't be fair to the parties involved if I were to say there were signs of wrongdoing at this early stage
3) The two reports reveal “several weaknesses, such as low broadband coverage, weak infrastructure technology, school locations https://theedgemalaysia.com/node/728110
As a matter of fact , I think they lost money in this project as a victim when the project was terminated earlier after 2 years … need not worry , the market would do the job by digesting and discounting all the info ..
Smart choice . People still don’t really understand what’s this free warrant all about .. hence they don’t know how to appreciate them .. juts think this of free ESOS for all shareholders, if you like the prospects , you exercise , If don’t , then don’t exercise lor
Later when the price turn Dark Green , everyone will jump in and buy higher again .. hehe this is how smart investors make money when the rest are fearful
YTL Power seeks out silver linings
Yeoh: The warrant issuance is for us to raise money ahead of time in case an opportunity arises.
THE global landscape may be an increasingly volatile one, but it could still offer opportunities for companies seeking growth.
YTL Power International Bhd (YTL Power) is one such company. It is on the lookout for any opportunity that may arise in an uncertain global economic situation that could be impacted by geopolitical disruptions.
Why Sunway and Suncon already rise much higher than YTLpower …sigh . They stay at RM4+ consistently … YTLpower like RM2.9 like RM3+ , very petty move like a penny stock
Yes ,Bro Chg . But the market is more overweight on Sunway Bros instead of YTL Bros … what we think and say doesn’t matter.. what market thinks is more important… I am also YTL Bro supporter…but really unsettled with this kind of petty movement when people jump 0.20 to 0.30 cents in a day but YTL Bros are only 0.02 to 0.05 …