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Source : http://www.thesundaily.my/news/140672

Ex-Sime Bank CEO acquitted and discharged of acting beyond authority

KUALA LUMPUR (Sept 12, 2011): Former Sime Bank chief executive officer Datuk Ismail Zakaria was today acquitted and discharged by the Sessions Court here from four charges of acting beyond his authority to approve credit facilities totaling RM175 million to an investment company.
Judge Datuk Khadijah Idris said the defence succeeded in casting reasonable doubts on the prosecution's case.
In her ruling, she said from the evidence adduced, Ismail approved the credit facilities based on his authority accorded by the bank's board of directors.
Ismail, 70, was charged with approving RM59 milion, RM50 million, RM40 million and RM26 million to Everise Capital Sdn Bhd.
He was accused of committing the offences between Sept 20 1997 and Oct 21, 1997 in his office on the second floor of Sime Bank Building in Jalan Sultan Ismail here.
The charges under Section 65(1) of the Banking and Financial Institutions Act (Bafia) 1989, and punishable under Section 103(1)(a) of the same Act, provide for jail terms of up to five years or maximum fine of RM5 million, or both.
Bank Negara deputy public prosecutors Anthony Kularaj Kulasingam and Yip Kah Kit prosecuted while counsel Ahmad Zaidi Zainal and Kitson Foong defended Ismail. – Bernama

Look at this info :-

Source :http://pg8.biz/viewtopic.php?f=26&t=1509&start=0

REPCO HOLDINGS BERHAD
No. 12, Lorong Tenggiling 4 Jalan Maktab Gaya,
Luyang Kota Kinabalu, Sabah
+60-8-8250000 (Phone)
+60-8-8266662 (Fax)

Company Brief:
Repco Holdings Berhad is an investment holding and management company in Malaysia. Through its subsidiaries, the Company is mainly engaged in the auto parts, gaming and property sectors. Repco's main activities are the blending of brake fluids and the assembly of automotive parts for distribution; the trading pf automotive parts, brake fluids and lubricants; organizing and managing four-digit forecast pools, and property management. The Company's active subsidiaries include Repco (Malaysia) Sdn. Bhd., Repco Industries Sdn. Bhd., Everise Capital Sdn. Bhd[., Everise Ventures Sdn. Bhd., Even Horizon Sdn. Bhd. and Antara Reka Sdn. Bhd.



exactly same fate as Repco Low..

fishy or not??

maybe just coincidence...

This post has been edited by intanwasih: Sep 13 2011, 11:54 AM