Arrest warrant issued against Ting Pek Khiing

KUALA LUMPUR: The High Court here has issued an arrest warrant against Tan Sri Ting Pek Khiing after he failed to appear in court for a public enquiry hearing.

According to The Edge Markets, the warrant of arrest, issued under Section 28 of the Insolvency Act 1967, is to secure his attendance in court on June 29.

"The arrest warrant directs the police officer to arrest Ting and bring him to court on June 29," the report quoted sources as saying.

The report said both Ting and his wife were expected in court to be questioned by creditors on Ting, his dealings and his ability to pay his dues pursuant to Sections 17 & 31 of the Bankruptcy Act 1967.

Ting was a no-show in court yesterday and his lawyer conveyed that he was busy preparing for the planned multibillion-ringgit development.

The Edge Financial Daily also said Ting's creditors were happy to learn about Ting's project.

"When the creditors discovered last week (last Thursday) through the media that he (Ting) had this RM30 billion project that he wanted to launch, they were in all honesty very happy for him.

"All they request is that “if he has the money, if he can afford it, please pay off the creditors first”, The Edge Financial Daily quoted a source.

The creditors then obtained an order last Friday from the High Court ordering Ting to attend a public enquiry hearing yesterday to be examined by the creditors, the director-general of insolvency (DGI) and the court registrar on his planned project in Langkawi.

The Edge said Ting’s creditors include Alliance Bank Malaysia Bhd, Alliance Investment Bank Bhd, Alliance Merchant Bank Bhd, Insas Credit & Leasing Sdn Bhd, Datuk Hu Chang Pee@Hii Chang Pee, Southeast Asia Special Asset Management Bhd, Multi Purpose Bank Bhd and Interhill Enterprise Sdn Bhd.

Last Thursday, Ting said he would be embarking on the Langkawi New City project that will cost RM30 billion spanning over 2,000 acres (809ha) of reclaimed land off the west coast of the island. Components of the project included 30,000 high-end condominium units, commercial centres, berthing facilities for ocean liners and yachts, and other facilities.

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