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 Ubb CASH TRUST 3 years nett 6-8% pa anyone?, UBB Amanah Bhd

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jack2
post Jul 11 2023, 10:40 PM

Mr
********
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15,192 posts

Joined: Oct 2004
QUOTE(Evertraveler @ Jul 10 2023, 01:09 AM)
Just received new cash trust program from UBB. Projected return is 9-11%. Got pay every 3 months. Should I join?
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I don't trust all of these. Soon will bye2 de1....
jack2
post Dec 13 2023, 02:14 AM

Mr
********
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15,192 posts

Joined: Oct 2004
I would never touch those investment that offers such return after learned from this: CAPITAL ASIA GROUP OIL MANAGEMENT LTD.
jack2
post Dec 13 2023, 10:36 PM

Mr
********
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Joined: Oct 2004
QUOTE(aurora97 @ Dec 13 2023, 03:09 PM)
First of all, have to understand the purpose of an injunction. It is mainly to preserve status quo and prohibit further damage/loss caused by the defendant. In this case, it was to prohibit the defendants from publishing further defamatory statements.

Had the defendant continue to do what they do, UBB may suffer significant damage/loss even before the trial ends.

The injunction was obtained on 17 April and yet the defendants ignored the injunction and posted allegations on 23 April and 4 May. Hence, in breach of the terms of the injunction, the defendants were fined.

The other interesting bit here, is whether committal proceedings (civil prison) will also be taken against the defendants, noted that the fine was paid (rich!, didn't even appeal).

Conclusion is that this is just a side show, we haven't even entered the main show yet. Nevertheless, the defendants lawyers should have advised the defendant what to do and what not to do in a defamation suit and being slapped with an injunction, if the defendant still proceeded to what they did, then its more a less a self inflicted wound.
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why the defendants wanna post defamation statements against UBB?
jack2
post Feb 10 2024, 09:20 AM

Mr
********
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Joined: Oct 2004
QUOTE(dankch @ Feb 9 2024, 11:17 PM)
.what are the agreed settlement?

need to pay compensation for the suits?
jack2
post Jun 10 2024, 10:52 AM

Mr
********
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QUOTE(mroys@lyn @ Jun 10 2024, 09:42 AM)
dump 100k to try, wish me luck!!!
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Good luck. I don't even dare to try.

 

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