FROM BANKRUPTCY TO ARREST: TYCOON TING FAILS TO TURN UP IN COURT AMID RM30BIL LANGKAWI CITY CONTROVERSY

KUALA LUMPUR: Tan Sri Ting Pek Khiing has been served with an arrest warrant following his failure to appear in court in a suit involving him and his creditors demanding for monies to be repaid.

Ting was due to appear in court to answer questions by creditors on June 7 but did not turn up.

According to The Edge Financial Daily, the order to attend a public enquiry hearing was issued for Ting and his wife, Puan Sri Wong Sui Choo, after it was revealed that the bankrupt businessman had planned to embark on a RM30bil development project in Langkawi.

It was also reported that Ting has been a bankrupt since 1991 while two bankruptcy orders were also filed against him in 2010 although a fourth document stated that he is “not bankrupt”.

According to The Edge Financial Daily, Ting has yet to be discharged from bankruptcy by the Director General of Insolvency and the total debt owed by Ting to the creditors exceeds RM390mil.

Sarawak-born Ting was involved in the Bakun hydroelectric Dam and the Plaza Rakyat skyscraper projects in the 1990s. However,both projects turned out to be financial disasters and Ting’s company Ekran ended up in receivership.

ANN

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