Ex-employee ordered to repay Mudajaya secret profits of RM43.5mil

Free Malaysia Today

The High Court also dismissed Michael Chua’s counterclaim against Mudajaya Corporation Bhd seeking to invalidate the transfer of properties.   Read More:  https://www.freemalaysiatoday.com/category/nation/2024/08/08/ex-employee-ordered-to-repay-mudajaya-secret-profits-of-rm43-5mil/   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #ExEmployee #Repay #MudajayaCorporationBhd #SecretProfits

Transcript

00:00The Shah Alam High Court has ordered a former senior costing manager and two members of

00:06his family to repay his employers 43.5 million ringgit on an admission of debt they made

00:12when confronted with the threat of legal action.

00:16Justice Juhu Kha Singh ordered Michael Chua, his wife and mother, to pay Mudejaya Corporation

00:21Berhad the judgment sum after the trio admitted to owing the construction firm 65 million

00:27ringgit in a settlement arrangement.

00:30Mudejaya had sued Chua, his wife Tanka Luan and mother Yeo Siok Poy to recover 72.2 million

00:37ringgit in secret profits allegedly received by them without the company's knowledge.

00:43In his judgment, Juhu said the secret profits received by the trio must have come from overpayments

00:49made by Mudejaya to its subcontractors, which was then channelled to Chua and his family

00:54members without the company's knowledge.

00:57The judge also found no evidence to support Chua's defence that he had returned the excess

01:03monies collected to Mudejaya.

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Transcript

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