Md Wira Dani Abdul Daim steps down from positions in two companies after court declares him bankrupt for failing to settle debts due to Maybank Kim Eng Securities.
SINGAPORE: Former Malaysian finance minister Daim Zainuddins son has been declared a bankrupt over about SD1.65 million in debt that he owed to Maybank Kim Eng Securities.
Following this, according to a report in the Straits Times, Md Wira Dani Abdul Daim has stepped down as non-independent and non-executive director of LionGold Corp.
The decision to step down was made known in a statement filed with the Singapore Stock Exchange. The statement indicated that Wira Dani intended to resolve the matter within 30 days.
Wira Dani, 37, had also ceased to be ISR Capital execut…
Read the full article at: http://www.freemalaysiatoday.com/category/nation/2016/08/18/daims-son-declared-bankrupt/
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