Malaysia Court Rejects RM26m Casino Debt Petition
The High Court in Ipoh has dismissed a bankruptcy petition filed by Singapore-based Resorts World at Sentosa Pte Ltd against a Malaysian restaurant owner over an alleged RM26 million (US 6.6 million) debt, ruling that the claim could not be enforced because it arose from gambling. Justice Moses Susayan said the debt linked to Lee Fook Kheun could not support bankruptcy proceedings in Malaysia because gambling-related liabilities are void and illegal under local law. The decision adds to recent judicial […] The post Malaysia Court Rejects RM26m Casino Debt Petition appeared first on World Casino News.
The High Court in Ipoh has dismissed a bankruptcy petition filed by Singapore-based Resorts World at Sentosa Pte Ltd against a Malaysian restaurant owner over an alleged RM26 million (US 6.6 million) debt, ruling that the claim could not be enforced because it arose from gambling. Justice Moses Susayan said the debt linked to Lee Fook Kheun could not support bankruptcy proceedings in Malaysia because gambling-related liabilities are void and illegal under local law. The decision adds to recent judicial […]
The post Malaysia Court Rejects RM26m Casino Debt Petition appeared first on World Casino News.
