Ex-Utusan VSS employees demand liquidators pay remaining payment of RM18.9 mil
UMMB workers who were involved in the VSS exercise five years ago, have demanded UHY Advisory to settle the remaining payment from trust properties that were liquidated. - Astro AWANI
KUALA LUMPUR: A total of 160 former Utusan Melayu (Malaysia) Berhad (UMMB) workers who were involved in the voluntary separation scheme (VSS) exercise five years ago, have demanded UHY Advisory to settle the remaining payment of RM18.9 million from trust properties that were liquidated.
"If we do not have a response from you within 14 days from the date of this letter, our clients will pursue all remedies available to them in law including filing a court action," said the firm in the LOD.
However, the firm said it had not received any reply.
The letters were issued following High Court Judge Nadzarin Wok Nordin's ruling on Oct 25 2022 that the workers who had yet to receive their full compensation after filing for the VSS were beneficiaries of proceeds from the 29 trust properties.
In his judgment, Nadzarin said the properties including several buildings situated in Jalan 5, Jalan Utusan Off Jalan Chan Sow Lin as well as Jalan 5, Seksyen 92 CSL here and Jalan P/10 Kawasan Perusahaan S/S 10 in Bangi, which leasehold tenure had expired are towards the settlement for the VSS scheme by the plaintiff (UMMB) can be recognised or declared as trust properties.
He made the ruling in the originating summon filed by UHY Advisory as the liquidator representing UMMB as plaintiff against Rosmanizam Abdullah and 159 others as defendants (VSS employees).
--BERNAMA
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