Thursday, May 25, 2006

Matrade Building: Ei should tell who to be blamed

My post yesterday finally caught the notice of the Star today. Besides speaking to me, the Star had referred to this blog and the relevant parts are as follows:-

Selangor Opposition Leader Teng Chang Khim said Samy Vellu was “flogging a dead horse” in calling for accountability over the Matrade debacle because a complicated legal web had rendered the main contractor PISB “dead”.

He said PISB was sold off to Tajuk Modal on July 19, 2004, for RM2 – a figure confirmed by Mentri Besar Datuk Seri Dr Mohd Khir Toyo.

He said PISB was renamed Tajuk Construction Sdn Bhd on Nov 29, 2004, but due to its “inability to continue business” was wound up on Jan 18 this year.

“Under the law, once a company is wound up, that is the end. One cannot then sue the directors,” he said.

Teng asked if the winding up of PISB/Tajuk Construction was to avoid paying the Federal Government the late delivery charges and other damages.

In the same report, Dato Ei Kim Hock, one of the former directors of PISB, was reported to have said as that :-

“By all means, go after those responsible for the fiasco, but not all the directors are to be blamed because PISB had several sets of directors over the years”

Well, Ei Kim Hock should tell us then who are the directors to be blamed since he knows that not all the directors are to be blamed.

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