In a test case, a Singapore court has declared a man a bankrupt based on the fact that he had been declared a bankrupt in Malaysia for owing the armed forces retirement fund RM58 million.
PETALING JAYA: A Malaysian has been declared a bankrupt by a Singapore court on the basis that he was already under the same status in Malaysia, the Straits Times (ST) reported today.
Considered a test cast, the ruling by Justice Woo Bih Li in the Singapore High Court last week overturned an earlier decision by a lower court in a case that was filed by Lembaga Tabung Angkatan Tentera (LTAT) Malaysia.
According to the facts of the case, Ling Lee Soon, 71, is a retiree-cum-company director and is also said to be a director of two companies in Singapo…
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