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1-10 results from 1000 for query «trust»

September 2, 2018 10:26 AM Modified cash accounting system also shows RM16b missing: Lim

PUTRAJAYA: A total of RM16 billion of unreturned taxes has remained missing from the Fund for Tax Refund Trust Fund (TBBC) regardless of whether the government uses the modified cash basis or the accrual accounting system, according to Finance Minister Lim Guan Eng. Responding to former prime minister Datuk Seri Najib Abdul Razak's Facebook post, he said according 173

August 27, 2018 9:38 AM Ex-lawyer gets seven years jail for CBT

KUALA LUMPUR: A former lawyer, currently serving time for criminal breach of trust (CBT), was sentenced to seven years in prison by the Sessions Court here today for a similar offence. Judge Datuk Ahmad Kamal Arifin Ismail ordered Yap Ooi Lye, 38, to serve the sentence from the date of arrest on April 7, 2017 after she changed her plea to guilty 101

August 24, 2018 8:49 AM Najib calls for RCI on unrefunded GST, overpaid taxes

KUALA LUMPUR: Former prime minister Datuk Seri Najib Abdul Razak today urged the government to immediately set up a Royal Commission of Inquiry (RCI) on the issue of unrefunded Goods and Services Tax (GST) and overpaid income tax and property gains tax. He said this was necessary because RM35 billion of public funds was involved. "This is to find out the truth 86

August 24, 2018 8:21 AM 2 single mothers get jail for CBT, concealment of stolen money

KUALA LUMPUR: Two single mothers were found guilty by the Sessions Court here today of criminal breach of trust and assisting in the concealment of stolen money, three years ago. Judge Syed Faisal Syed Amir meted out six years' jail to former bank officer G. Vani, 44, and five years' jail to self-employed Ristiyanti Mohd Isa, 41, after finding that the defence 63

August 21, 2018 9:15 AM Guan Eng lodges police report on missing RM19.25b GST refunds

KUALA LUMPUR: The police have recorded Finance Minister Lim Guan Eng's statement over the alleged missing RM19.25 billion from the Goods and Services Tax (GST) Refund Trust Account, which affected 121,429 companies and individuals. In a statement today, Lim said under the GST Act 2014, input tax refunds needed to be made within two weeks, but a huge number 70

August 18, 2018 7:18 AM Police to record Lim Guan Eng's statement over missing GST refunds

KUALA LUMPUR: Finance Minister Lim Guan Eng's statement over the missing RM19.25 billion in the Goods and Services Tax (GST) Refunds Trust Account will be recorded by the police next week. Lim, who is also DAP Secretary-General, said his full cooperation with the police proves that the new government wants the truth to prevail. He said former Prime Minister 79

August 15, 2018 11:44 AM Government will repay RM19.25b GST refunds from 2019

PETALING JAYA: Finance Minister Lim Guan Eng said in a statement today that the government will repay RM19.25 billion in outstanding GST refunds to 121,429 companies and individuals from next year. The GST Refunds Trust Account currently only holds RM148.6 million and Lim did not elaborate on how the government would make good on the payments, which 160

August 14, 2018 3:39 PM YTL Hospitality REIT acquiring Hokkaido ski resort for RM222.5m cash

PETALING JAYA: YTL Hospitality REIT (YTL REIT) is acquiring The Green Leaf Niseko Village for ¥6 billion cash (RM222.5 million) from Niseko Village KK (Niseko Village), an indirect wholly owned subsidiary of YTL Corp Bhd. In a filing with Bursa Malaysia today, YTL REIT said its wholly owned subsidiary Starhill REIT Niseko GK (Starhill Niseko) has entered 60

August 13, 2018 7:46 AM Support federal government efforts to address debt issue: Mohd Khalil

MALACCA: Malacca Yang Dipertua Negri Tun Dr Mohd Khalil Yaakob today urged the people of Malacca to support the federal governments efforts to address the huge national debt. He said he had confidence in the capability of the federal government to solve the debt issue based on its corporate experience and expertise to raise the economic status of the country 41

August 13, 2018 7:15 AM GST refund shortfall more than we thought: Lim

KUALA LUMPUR: Finance Minister Lim Guan Eng has clarified that the amount left in the government's trust fund meant for Goods and Services Tax (GST) refunds was not RM1.486 billion, but only a tenth of that figure. He said in his speech in the Dewan Rakyat last week, he had revealed that the total outstanding amount of GST refunds since its introduction 49