Bankruptcy move on Sagajuta boss
Published on: Friday, August 17, 2018

Kota Kinabalu: The Managing Director of Sabah-based developer Sagajuta (Sabah) Sdn Bhd, Raymond Chan Boon Siew of Selangor, had a bankruptcy action filed against him in the High Court here. The petition dated Aug 15, said Chan is required to settle RM3,561,501.55 to the State's power supplier – Sabah Electricity Sdn Bhd – within seven days of the notice.

The sum also includes interest on of the amount due since Jan 10, this year.


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