BNM could have saved MBf. Lawyer-politician Wee Choo Keong waited 14 long years for his application to strike out an ex-parte injunction obtained against him by the now-defunct MBf Finance [read my earlier posting here].
Last week, Deputy Registrar Azwanida Affandi struck out the injunction against Wee on the grounds that:1. It discloses not reasonable cause of actionJustice delayed is justice denied, Wee said. From 1 March 1993 (the day he filed his application) till now, many things have happened: the MBf Finance CEO is dead, Anwar Ibrahim is no longer in power, and MBf Finance has now been brought under another bank.
2. It is scandalous, frivolous, vexatious, prejudicial and/or embarrassing
3. And/or is otherwise an abuse of the process of court
Why did it take 14 years to decide on Wee's application?
I have to wonder because I am an interested party. The NSTP and 4 Others have filed a defamation suit against me for 50 postings on my blog and I have applied to strike it out. The NSTP and 3 Others have filed another suit against blogger Jeff Ooi and have obtained an injunction against him, and he has also applied to strike out the case. It's been more than half a year and many things have happened during the time.
Wee, I am happy to report, is not stopping here to set things right."Bank Negara must be accountable and must explain why it did not take any action on the complaints I lodged against the CEO of the MBf Finance, the late Tan Sri Loy Hean Heong. Had Bank Negara taken the necessary actions against Tan Sri Loy, today there will still be MBf Finance, but without Tan Sri Loy. Bank Negara has failed in its duty to protect the investing public. I shall pursue my complaints with Bank Negara."
Saturday, June 23, 2007
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