Oct 7, 2009
M'sian CEO's plane 'frozen'
KUALA LUMPUR - A LUXURY jet aircraft worth millions of ringgit and several other assets belonging to embattled Kuala Dimensi Sdn Bhd (KDSB) chief executive officer Tiong King Sing have been frozen.
Police invoked a section under the Anti-Money Laundering Act (AMLA) to also freeze a luxury car as well as a plot of land said to be owned by Tiong.
The jet is one of two luxury aircraft - a Learjet 60 and a Gulfstream IV - registered with Wijaya Baru, the parent company of KDSB.
Sources said the order to freeze the asset transactions was served on Tiong on Tuesday as part of police investigations into Tiong's Kuala Dimensi - the turnkey contractor for the construction of the controversial Port Klang Free Zone. -- THE STAR
Wed Oct 07, 2009 1:56 pm